- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Adobe Systems Incorporated (NASDAQ:ADBE) reported its results for the fourth quarter. Net income for Adobe Systems Incorporated fell to $173.7 million (35 cents per share) vs. $268.9 million (53 cents per share) a year earlier. This is a decline of 35.4% from the year earlier quarter. Revenue rose 14.3% to $1.15 billion from the year earlier quarter. ADBE reported adjusted net income of 67 cents per share. By that measure, the company beat the mean estimate of 50 cents per share. It beat the average revenue estimate of $1.09 billion.
“Adobe’s record results in Q4 and fiscal 2011 were driven by strong performance in our digital media and digital marketing businesses,” said Shantanu Narayen, president and CEO of Adobe. “We intend to be the market leader in these two large categories, which will drive strong revenue and earnings growth.”
Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), Oracle Corporation (NASDAQ:ORCL), Autodesk, Inc. (NASDAQ:ADSK), Sonic Solutions (NASDAQ:SNIC), Monotype Imaging Hldgs. Inc. (NASDAQ:TYPE), Bitstream Inc. (NASDAQ:BITS), Intl. Business Machines Corp. (NYSE:IBM), and Sonic Foundry, Inc. (NASDAQ:SOFO).
Accenture plc (NYSE:ACN) reported its results for the first quarter. Net income for the management services company rose to $712 million (96 cents per share) vs. $606 million (81 cents per share) in the same quarter a year earlier. This marks a rise of 18% from the year earlier quarter. Revenue rose 17.1% to $7.1 billion from the year earlier quarter. ACN beat the mean analyst estimate of 94 cents per share. It beat the average revenue estimate of $6.85 billion.
Pierre Nanterme, Accenture’s chief executive officer, said, “We are pleased with our strong performance in the first quarter. We generated our highest quarterly revenues ever, with double-digit local-currency growth in all five operating groups and all three geographic regions. We grew EPS by 19 percent, expanded operating margin, delivered strong bookings and continue to have a very strong balance sheet. Our excellent results in the first quarter give us confidence that we are executing a growth strategy that resonates with the needs of our clients in the current environment. We remain focused on delivering profitable growth through a relentless focus on industry and technology differentiation and on accelerated geographic expansion in our priority emerging markets.”
Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), Oracle Corporation (NASDAQ:ORCL), Genpact Limited (NYSE:G), Microsoft Corporation (NASDAQ:MSFT), Hewlett-Packard Company (NYSE:HPQ), Towers Watson & Co (NYSE:TW), Infosys Tech. Ltd. (NASDAQ:INFY), Wipro Limited (NYSE:WIT), Ariba, Inc. (NASDAQ:ARBA), and Accenture Plc (XET).
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.