NEWS24 March 2010

Omniture delivers ‘record’ revenue for Adobe in first quarter

Financials North America

US— Adobe has reported $87.7m in first quarter revenue for web analytics business Omniture, which the design software firm acquired in a $1.8bn deal in October last year.

The results for the three months ended 5 March were a “record” for the firm, said Adobe CEO Shantanu Narayen – though it marked a slight decrease on the $87.9m in sales reported for three months ended 30 September, the final period in which Omniture reported as a public company.

Fiscal Q1 revenue, however, does not include $14.9m of deferred revenue which was excluded due to purchase accounting, said Adobe.

During the period, Narayen said Omniture had “strong sales momentum” and a 95% enterprise customer retention rate, while adding over 150 new customers, including Air Canada, REI, CareerBuilder,, and Terra Networks.

“Integration of the two companies is going well and we are meeting all of our major milestones,” said Narayen. The first piece of product integration between Omniture’s analytics packages and Adobe’s own software will be seen with the launch of Creative Suite 5 on 12 April.

Adobe revenue for Q1 was up 9% to $858.7m – ahead of its target range of $800m–$850m.