Adobe’s subscription-based editing software pays off in Q2

Adobe posted steady earnings and revenue growth Tuesday that exceeded the expectations of Wall Street analysts thanks to the introduction of a new subscription-based model for its popular photo-editing and design software.

Adobe’s revenue rose 9 percent to $1.023 billion in the second quarter of 2011, up from $943 million in the same quarter a year earlier. That’s also higher than the $996 million in revenue Wall Street analysts were expecting. Net profit of 55 … Continue Reading