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Investors heartened by Adobe's (ADBE +6.5%) FQ4 beat and better-than-feared FQ1 guidance are...

Investors heartened by Adobe's (ADBE +6.5%) FQ4 beat and better-than-feared FQ1 guidance are bidding shares higher. The graphics/publishing software giant used its earnings call to trumpet its embrace of subscription-based software, and note a cloud version of its flagship Creative Suite will arrive in FQ2. Adobe also disclosed it paid $400M to acquire online advertising startup Efficient Frontier.
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  • Herr Hansa
    , contributor
    Comments (3083) | Send Message
     
    Usually I see Q2 or Q1 instead of FQ2 and FQ1. SA Editors, I'm curious why this distinction appears here?

     

    Anyway, the major product cycles have usually been the big movers with Adobe (ADBE). Unless the overall market is down around launch time, investors should expect a bit of a gain from release of CS6.
    16 Dec 2011, 03:13 PM Reply Like
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