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Business, Finance, Occupation & Industry

Adobe Reports Strong Q1 Results

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By Business Wirevia The Motley Fool

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Adobe Reports Strong Q1 Results

Adobe Creative Cloud Adoption Accelerates and Adobe Marketing Cloud Achieves 20 Percent Annual Revenue Growth

SAN JOSE, Calif.–(BUSINESS WIRE)– Adobe Systems Incorporated (NAS: ADBE) today reported financial results for its first quarter of fiscal year 2013 ended March 1, 2013.

Adobe® achieved revenue of $1.008 billion, exceeding its targeted range of $950 million to $1 billion. During the quarter, the Company continued to accelerate adoption of Adobe Creative Cloud™ as it migrates to a subscription model in its Digital Media business. Adobe also achieved strong revenue growth with Adobe Marketing Cloud solutions in its Digital Marketing business.

First Quarter Financial Highlights

  • Diluted earnings per share were $0.13 on a GAAP-basis, and $0.35 on a non-GAAP basis.
  • Operating income was $98.2 million and net income was $65.1 million on a GAAP basis. Operating income was $240.7 million and net income was $177.9 million on a non-GAAP basis.
  • Cash flow from operations was $322.0 million.
  • Deferred revenue grew by $80.5 million to a record $700.0 million.
  • Adobe ended Q1 with 479 thousand paid Creative Cloud members, an increase of 153 thousand when compared to the number of members as of the end of Q4 fiscal year 2012.
  • Adobe Marketing Cloud achieved quarterly revenue of $215.4 million, which represents 20 percent year-over-year growth.

A reconciliation between GAAP and non-GAAP results is provided at the end of this press release.

Executive Quotes

“Creative Cloud is quickly becoming mainstream, with the overwhelming majority of Creative purchases on Adobe.com now being Creative Cloud subscriptions,” said Shantanu Narayen, president and chief executive officer, Adobe. “With Adobe Marketing Cloud, we are the partner of choice for Chief Marketing Officers as we help our customers migrate their businesses online.”

“Adoption of Creative Cloud accelerated and we achieved strong Digital Marketing revenue …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

CenturyLink Deploys Ciena 100G Packet Optical Technology Across Global Network

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By Business Wirevia The Motley Fool

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CenturyLink Deploys Ciena 100G Packet Optical Technology Across Global Network

Ciena’s solutions increase capacity and provide a scalable and programmable OP n network architecture optimized for delivering high performance consumer, enterprise, data center and wholesale services

HANOVER, Md.–(BUSINESS WIRE)– Ciena® Corporation (NAS: CIEN) , the network specialist, today announced that CenturyLink, Inc. (NYS: CTL) recently utilized its converged packet optical platform with WaveLogic coherent optical technology to modernize and upgrade its network that spans more than 50 metropolitan locations across the United States. This deployment allows CenturyLink to offer a better range of high-speed services including 1GE, 10GE, 100GE and equivalent wavelengths to businesses in the United States and in select international cities.

Key Facts:

  • CenturyLink is the third largest telecommunications company in the U.S. and provides data, voice and managed services to businesses and consumers in local, national and select international markets and is a global leader in cloud infrastructure and hosted IT services for enterprises.
  • CenturyLink is utilizing Ciena’s 6500 Packet-Optical Platform featuring WaveLogic coherent optical technology to support its in-region and national metro networks, and has deployed 6500-based 100G networks in select international cities.
  • The 6500 platform will also offer integrated packet switching which gives CenturyLink agility in the delivery of groomed Ethernet services to its enterprise customers.
  • CenturyLink is a Diamond partner in Ciena’s BizConnect partner program.

Executive Quotes:

  • “CenturyLink understands the increasing need for scalability, capacity and high-speed network services for today’s business requirements. Ciena’s converged packet and coherent optical technology allows us to provide speed and capacity improvements to our international and domestic regional networks, creating a true, end-to-end 100G network to deliver today’s bandwidth-intensive services and applications.”
    – Pieter Poll, senior vice president of national and international network planning, engineering and construction, CenturyLink