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Adobe revenue misses estimate


    (Reuters) - Photoshop maker Adobe Systems Inc reported a mere 1 percent rise in quarterly revenue that missed analysts' expectations, pushing shares down about 3.6 percent in extended trading on Tuesday.

    Net income fell to $44.7 million, or 9 cents per share, for the quarter ended Aug. 29, from $83 million, or 16 cents per share, a year earlier.

    Revenue rose to $1.01 billion, while analysts on average had expected revenue of $1.02 billion, according to Thomson Reuters I/B/E/S.

    (Reporting by Abhirup Roy in Bangalore; Editing by Joyjeet Das)