Homerun: Adobe Beats Profits Estimates Again

Homerun again for Adobe, world's best software company.

Adobe Systems Inc. on Monday reported second quarter net income of $214.9 million, or 40 cents a share, compared to $152.5 million, or 25 cents a share in the same period last year.

San Jose-based Adobe (NASDAQ:ADBE) had $886.9 million in revenue, compared to $745.6 million reported for the year-ago quarter.

Adobe's second quarter revenue target range was $855 to $885 million.

"Our strong performance in Q2 was driven by the product mix and geographic diversity of our business," said Shantanu Narayen, president and chief executive officer. "We continue to execute against our strategy, and are well positioned for solid financial performance in the second half of this year and beyond."

Exluding items, the company's income would have been $272.7 million, or 50 cents a share, compared to $223.2 million, or 37 cents a share.

Analysts expected, on average, earnings of 46 cents a share on $880.1 million in revenue.

For the third quarter, Adobe expects revenue of $855 million to $885 million and earnings per share of 34 cents to 36 cents.