Yuma International - Adobe 1Q Beats Wall Street.

Online, April 17, 2013 (Newswire.com) - Yuma International are believed to have announced in a recent meeting that Adobe Systems have reported first quarter revenues and earnings, beating Wall Street's expectations.

The San Jose, California based company reported first quarter of the year revenues of $1.01 billion, according to their statement. Yuma International allegedly commented that the market had been expecting $991 million in sales. Earnings per share, excluding some items, were 35 cents, beating Wall Street's expectations of 32 cents per share.

Adobe's CEO Shantanu Narayen has focused the company on pushing forward with cloud based products delivered over the web to computers and devices and away from traditional installation based software. Adobe said they more than 150,000 new subscribers to their Creative Cloud tools, which includes their flagship products such as Illustrator, Dreamweaver and Photoshop. There are now more than 500,000 subscribers to the Creative Cloud suite in total.

"We beat our Creative Cloud subscription goals and established Adobe Marketing Cloud as the leader in the exploding category of Digital Marketing during fiscal 2012," said Shantanu Narayen, president and chief executive officer, Adobe. "In fiscal 2013 we intend to accelerate our pace of innovation, and drive integration between Creative Cloud and Adobe Marketing Cloud."

Yuma International apparently commented that the changeover in focus from installed to cloud based software is progressing impressively for Adobe. To exceed expectations while realigning their revenue streams to a subscription based model is a notable achievement. Adobe has also been pushing their online marketing software. Their soon to be launched revision of their Marketing Cloud software will provide support for touch screen devices and additional collaboration tools.

Yuma International purportedly highlighted that Adobe is forecasting revenues of between $975 million and $1.03 billion for the current quarter, falling within the range of Wall Street's expectations of $1.01 billion.