Adobe releases disappointing revenue outlook

Software giant Adobe has released their latest revenue outlook which has failed to impress the investors.

The company has forecasted a 41 percent rise in quarterly profit. They are aiming for revenues in the range of $855 million to $885 million for the fiscal third quarter.

Market analyst Sasa Zorovic said that the market investors were expecting better figures from the company.

Adobe Chief Executive Shantanu Narayen added in a statement that they have so far been able to meet its financial targets despite the economic slowdown in the US market.

He said: “I’m not an economist. All I can do is reflect on what I have seen so far. Demand for our products remains strong”.

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