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Empresas y finanzas

Adobe cuts FY revenue outlook on weak Europe demand


    (Reuters) - Adobe Systems Inc , maker of Photoshop and Acrobat software, reported a modest fall in quarterly net income, and cut its full-year revenue outlook to reflect weaker demand in Europe.

    The company now expects revenue growth of 6 percent to 7 percent, implying full-year revenue of $4.47 billion to 4.51 billion and an adjusted profit of $2.40 to $2.46 per share.

    It earlier forecast a profit of $2.38 to $2.48 per share, excluding items, and revenue growth of 6 percent to 8 percent.

    Net income for the second quarter fell modestly to $223.9 million, or 45 cents per share, from $229.4 million, or 45 cents per share, a year earlier.

    Excluding items, the company earned 60 cents per share.

    Revenue rose 10 percent to $1.12 billion.

    Analysts expected an adjusted profit of 59 cents per share on revenue of $1.11 billion, according to Thomson Reuters I/B/E/S.

    Shares of the company which closed at $32.89 on the Nasdaq on Tuesday fell 4 percent to $31.66 in trading after the bell.

    (Reporting by Sayantani Ghosh in Bangalore; Editing by Joyjeet Das)