AllThingsD » Creative Suite 4

Adobe Sees Demand Improving

John Paczkowski — Tue, 15 Dec 2009 22:54:15 +0000

Though it posted lower quarterly profit and sales for its fourth quarter, Adobe still managed to beat analysts’ projections. Reporting earnings after market close Tuesday, the software company posted a net loss of $32.04 million, or six cents a share, on revenue of $757.3 million. That’s down from a profit of $245.9 million, or 46 cents a share, on sales of $915.3 million in the same quarter a year ago. Excluding special items, Adobe (ADBE) said earnings for the quarter were 39 cents a share, which is better than the 37 cents a share analysts polled by Thomson Reuters had forecast.

Clearly, the past few months have not been kind to sales of Adobe’s flagship graphics software, Creative Suite 4, which had the misfortune of launching in late 2008 just as the econalypse really started kicking in. That said, things are looking up. Adobe says demand for its products is improving. For its first quarter ending in February, the company said it now expects revenue of between $800 million and $850 million. Analysts have been predicting first-quarter revenue of $798.3 million.

Adobe: In Crummy Economy, Customers Delay Upgrades

Eric Savitz — Thu, 19 Feb 2009 19:37:36 +0000

Adobe (ADBE) shares are trading lower this morning after RBC Capital analyst Robert Breza trimmed his estimates and price target on the stock, noting that the upgrade cycle for the recently released Creative Suite 4 has been slowed by the weak economy.

“Our current checks indicate that Adobe’s end markets of enterprises, knowledge workers, designers, OEM partners and developers remain under pressure worldwide,” he writes. “Customers remain reluctant to part with cash and engage in education programs to upgrade to the newly released CS4.” He adds that checks with distribution partners find “a tough business climate” in the company’s fiscal first quarter ending this month. He says that it looks like more customers will skip the new version of Creative Suite and wait for version 5, due in a year or so.

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Adobe Launches Creative Suite 4; Can It Drive The Stock?

Eric Savitz — Tue, 23 Sep 2008 16:57:17 +0000

Adobe (ADBE) this morning officially launched the latest version of its flagship software package, Creative Suite 4. The announcements included a variety of versions and slices of the new software: There are Design, Web and Production versions, a “Master Collection” with all versions of the new software, 13 standalone products, including new versions of Photoshop, InDesign, Illustrator and Dreamweaver, among others, along with “14 integrated technologies and seven services.” Whatever that means.

Adobe said street prices are expected to be $1,799 for CS4 Design Premium edition, $1,699 for the CS4 Web Premium and Production Premium, and $2,499 for CS4 Master Collection.

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Adobe: Cowen Downgrades on Product Transition Worries

Eric Savitz — Thu, 05 Jun 2008 17:14:12 +0000

Adobe (ADBE) shares are losing ground today after Cowen’s Walter Pritchard cut his rating on the stock to Neutral from Outperform.

Pritchard is concerned about the company’s transition from the current version of its flagship software package–Creative Suite 3–to the coming update, Creative Suite 4. He says that with the May quarter, “the company will reach a peak in financial momentum.” But Pritchard contends that “many of the drivers of growth in CS3 are not in place and in some cases work against CS4 given the significant upgrade activity and price uplift that came with CS3.” He notes that in the case of CS3, there were 24 months between versions, rather than the usual 18. The current version, he adds, benefited from additional demand associated with Apple’s (AAPL) adoption of Intel processors for the Mac.

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