Adobe Systems has reported a first-quarter revenue of 230m ($329m), against a background of difficult trading conditions and declining investor confidence in the technology sector.
The figure is 17% higher than last year, but 8% down on the previous quarter.
Adobe Systems UK marketing director Ricky Liversidge said: "Were doing well in Europe, which represented 30% of Adobes sales for the quarter."
Earnings exceeded analysts estimates. Net income was up 8% to 48.7m.
However, in light of the uncertain global economic climate it lowered its second-quarter revenue growth target to 15%.
Co-founder John Warnock has retired. He will remain as chairman alongside fellow founder Charles Geschke, who retired last year.
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