Adobe books better-than-expected earnings

NEW YORK (CNNMoney.com) -- Software maker Adobe Systems Inc. reported better-than-expected revenue and quarterly profits Thursday, helped by its Acrobat and Creative Suite products.

Net income for the second quarter ending June 1 rose to $152.5 million, or 25 cents a share on a diluted earnings per share basis, up from $123.1 million, or 20 cents a share a year ago.

Excluding certain expenses, including charges related to its purchase of Macromedia, the company reported profits of $223.2 million, or 37 cents a share, versus $189.4, or 31 cents a share, a year earlier.

Analysts polled by Thomson First Call were expecting the company to report 35 cents a share.

"Q2 was a strong quarter, driven by the record performance of both our Creative Suite products and Acrobat," Bruce Chizen, Adobe's CEO said in a statement. "Assuming continued business momentum, we expect to exceed our original fiscal year revenue and profit targets."

The San Jose, Calif.-based Adobe also said its revenue climbed to a record $745.6 million during the quarter, up 17 percent from $635.5 million a year ago. It did not indicate the previous revenue record.

Wall Street was expecting the company to report $729.33 in quarterly revenue.

Looking ahead to the third quarter, the company said it expected to report earnings per shares of 39 cents to 41 cents on a non-GAAP basis and revenues between $760 million to $800 million.

Adobe (Charts) shares edged higher in after-hours trade, after easing slightly earlier on the Nasdaq.