Adobe Systems earnings rocket

Software maker Adobe Systems, the firm behind Photoshop and Acrobat, yesterday posted a higher fourth-quarter profit on lower expenses. Net income rose to $222.3m (£138m) from $173.7m a year earlier. Revenue was flat at $1.15bn. Deferred revenue grew by $59.3m to a record $619.6m, the firm said in its fourth quarter figures yesterday, while subscriptions to its marketing cloud service are on the rise.