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Adobe Beats Profit Expectations

June 19, 2013, 10:38 AM

Adobe Systems beat analysts' profitability expectations by 3 cents per share in the second fiscal quarter, ratcheted its Creative Cloud subscriber total up 221,000 to 700,000, and is considering new measures to mollify those who don't like the subscriptions, the company said Tuesday. Adobe is in the throes of a difficult transition to subscriptions instead of selling its software through perpetual licenses - one-time fees, with Adobe coaxing customers to pay for upgrades later.

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