Revenue growth slows at Adobe
Adobe, maker of Photoshop and Acrobat software, said yesterday that revenue growth has slowed as sales of its widely used Creative Suite software fell, missing its forecasts, ahead of widely anticipated product launches this quarter. Revenue rose 1.7 per cent to $1.045bn (£657m) in its quarter ended 2 March. Sales at the digital media unit fell four per cent from a year earlier to $730m.