Design software maker Adobe Systems Inc
Adobe, whose products include Flash and Illustrator, forecast profit, excluding items, of 31 cents to 38 cents per share in the fiscal second quarter ending May 29, on revenue of between $675 million and $725 million.
Analysts expect the software maker, whose rivals include Microsoft Corp
Adobe reported first-quarter per-share profit, excluding items of 45 cents, in line with its March 4 projection that it would earn 44 cents to 45 cents. Revenue fell 12 percent from a year earlier to $786 million, in line with its recent projection of $783 million to $786 million.
Two weeks ago Adobe told investors that first-quarter revenue missed targets set in December, but the company said it delivered profit in line with its projections by laying off workers and taking other actions to reduce costs.
The software maker posted first-quarter net income of $156 million, or 30 cents per share, versus $219 million, or 38 cents per share, a year earlier.
Shares of the San Jose, California-based company rose 2 percent to $19.58 in extended trade after closing up 68 cents at $19.13 on Nasdaq.
(Reporting by Jim Finkle; editing by Richard Chang)