Adobe net income drops,sales up in Q1

8220;Stability in our creative business,combined with strength in our Acrobat and Omniture solutions,helped drive strong financial performance in Q1,8221; Adobe President and Chief Executive Officer Shantanu Narayen said in a statement.

Adobe has performed well in the first quarter of 2010.

However,the company8217;s net income declined to USD 127.2 million in the first quarter of 2010 from USD 156.4 million in the year-ago period. While in the fourth quarter of the last fiscal year,it had reported a net loss of USD 32 million.

Moreover,the company said it is expecting a revenue in the range of USD 875 million to USD 925 million in the second quarter of this financial year.

During the first quarter,the bulk of Adobe8217;s revenue from product sales went up by 7.7 per cent to USD 799.44 million,while revenue from service and support grew 34 per cent to USD 59.25 million.