Americas account for nearly half of Adobe's revenues in fiscal Q2

- Friday, June 24, 2011

Americas account for nearly half of Adobe's revenues in fiscal Q2

The Americas accounted for 48% of US software company Adobe Systems' (Nasdaq: ADBE) revenues in its fiscal second quarter, ended June 3, company executive VP and CFO Mark Garrett said in a conference call with investors.

"In the Americas, the demand environment remained stable," he said.

Globally, Adobe's quarterly revenues grew 9% year-over-year to US$1.02bn. Meanwhile, net income grew 54% to US$229mn.

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"We're focused on three significant growth opportunities - content authoring, digital marketing optimization and customer experience management. We're executing well in each area," company president and CEO Shantanu Narayen said.

"We are targeting a Q3 revenue range of US$1bn-1.05bn.... Geographically, we would expect Americas to grow sequentially, offset by an expected sequential decline in Asia and EMEA due to normal seasonality in those markets," Garrett added.

According to previous press reports, Argentina, Brazil and Mexico led the company's regional growth last year.

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