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Wednesday, April 7, 2010 as of 11:14 AM ET

Shantanu Narayen

Shantanu Narayen

Shantanu Narayen is an Indian born American CEO of Adobe Systems. Prior to this post, he held the role as the President and Chief Operating Officer since 2005.

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Adobe 1Q Sales Miss Street, Shares Slide

Adobe Inc.

(NASDAQ:ADBE) weighed in Monday with revenue that just missed expectations, as sales slowed in expectation of a new, updated release of the company's Creative Suite software programs. The revenue miss drove the shares lower, even as the company boosted its full-year earnings and revenue targets.For the fiscal first quarter, the maker of Flash, Photoshop and InDesign software weighed in with net income that fell to $185.2 million, or 37 cents a share, compared with year-ago profit of $234.6 million, or 46 cents a share.On an adjusted basis, earnings per share fell to 57 cents, compared with 58 cents a share in the first quarter of last year.Revenue rose to just under $1.045 billion, compared with revenue of $1.03 billion, one year ago.The results were mixed, as revenue narrowly missed analyst consensus. The Street had forecast earnings 57 cents a share on revenue of $1.054 billion, according to a poll by Thomson Reuters."Our strategy is to be the leader in Digital Media and D...

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  5. Adobe CEO on Creative Suite 5 and Apple

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  1. Adobe Beats 4Q Estimates

    Adobe CEO and President Shantanu Narayen on how the company managed to report better-than-expected earnings for the fourth-quarter, and what's ahead for the company.

  2. Adobe CEO: We Are Innovating

    Adobe CEO Shantanu Narayen reacts to Steve Jobs' death and how the company is using the new generation of tablets to innovate.

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    Adobe (NASDAQ:ADBE) posted quarterly profits that beat Wall Street's expectations after the closing bell on Tuesday, and said it expects to have a stronger fourth qu...

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  5. Adobe Posts Narrow 1Q Beat; 2Q Forecast Misses Mark

    Adobe Systems Inc. (NASDAQ:ADBE) weighed in Tuesday with better-than-expected first quarter-results, but gave mixed second-quarter guidance.The Silicon Valley softwa...

  6. Adobe 4Q Tops Street; 1Q View Upbeat

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  7. Adobe CEO Covers the Bases

    From product development to piracy to hiring, Liz Claman gets all the answers from Adobe’s CEO Shantanu Narayen in a web exclusive interview

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