Adobe 4Q profit shrinks but subscribers grow

NEWS: Adobe Systems Inc., the maker of Photoshop software, reported Thursday that its fiscal fourth-quarter profit shrank as its shift to cloud-based software cuts into profitability. Its forecast fell short of Wall Street expectations, but subscribers grew, helping lift shares in extended trading.



via Tech News Headlines - Yahoo News http://news.yahoo.com/adobe-4q-profit-shrinks-subscribers-grow-231733106.html