Adobe Systems Inc. ready to revise full-year profit forecast

Adobe Systems Inc Chief Executive Shantanu Narayen said on Tuesday that he might review his company's full-year revenue forecast if there is a significant downturn in the U.S. economy.

Photo: Adobe Systems Inc. ready to revise full-year profit forecast

"For the revenue (forecast), if there is a significant downturn in the U.S. beyond what we have today, we will have to reassess what that means for our business," he said in an interview.

He made the comment after the world's biggest maker of design software reaffirmed a previous forecast that revenue would grow 13 percent in its current fiscal year from $3.2 billion in fiscal 2007.

Adobe Systems Incorporated is an American computer software company headquartered in San Jose, California, USA.

Adobe was founded in December 1982 by John Warnock and Charles Geschke. The company name Adobe comes from Adobe Creek, which ran behind the house of one of the company's founders. Adobe acquired its former competitor, Macromedia, in December 2005.

As of January 2007, Adobe Systems has 6,677 employees, about 40% of whom work in San Jose. Adobe also has major development operations in Seattle, Washington; San Francisco, California; Ottawa, Canada, Minneapolis, Minnesota; Newton, Massachusetts; San Luis Obispo, California and in Hamburg, Germany, Noida, India, and Bangalore, India.

Since 1995, Fortune magazine has ranked Adobe as an outstanding place to work. Adobe was rated the fifth-best U.S. company to work for in 2003, sixth in 2004, 31st in 2007 and 40th in 2008.