Adobe's net profit leaps 39 percent in Q3

Software giant Adobe Systems reported its net profit soared 39 percent during the third quarter.

Adobe Systems on Thursday reported its third quarter net profit rose 39 percent from a year ago on solid business execution.

The software maker reported net profit of US$144.9 million in the three months ending Sept. 2, up from $104.5 million during the same time last year. Revenue rose 21 percent to US$487 million, the company said.

In the fourth quarter, Adobe expects revenue of between US$490 million and US$510 million, and a gross margin of approximately 94 percent, the company said.

The fourth quarter targets do not factor in the pending acquisition of Macromedia, the company said.

The process of integrating Macromedia continues to go well, Adobe said. The transaction should close this fall, subject to appropriate regulatory approvals and other closing conditions.

Adobe and Macromedia shareholders have already approved the US$3.4 billion deal.

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