More on Adobe's (NASDAQ:ADBE) FQ1: Deferred revenue rose 3% Q/Q to $549M. The company expects FQ2 revenue of $1.09B-$1.14B and EPS of $0.57-$0.61, in-line with a consensus of $1.1B and $0.60. Taking into account its $400M acquisition of Efficient Frontier, Adobe expects FY12 revenue growth of 6%-8% and EPS of $2.38-$2.48, compared with a consensus of 4.7% growth and $2.42. Adobe, which was up 22% YTD, is down 4.4% AH. (PR)