Adobe Systems Inc. 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 $487 million, the company said.
In the fourth quarter, Adobe expects revenue of between $490 million and $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 Inc., 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 $3.4 billion deal.