Updated from 4:45 p.m. EST
Adobe Systems (ADBE - Get Report) posted fiscal fourth-quarter results Thursday that beat expectations and offered guidance for 2006, including newly acquired Macromedia (MACR), that exceeded analysts' forecasts.
Separately, Adobe announced the resignation of its CFO.
Under generally accepted accounting principles, San Jose, Calif.-based Adobe reported net income of $156.3 million, or 31 cents a share, in the fourth quarter, which ended Dec. 2. That compared with net income of $113.5 million, or 23 cents a share, a year earlier.Excluding the net tax impact of the repatriation of certain foreign earnings and investment gains, Adobe earned pro forma net income of $151.5 million, or 30 cents a share in the quarter, compared with pro forma net income of $110.4 million, or 22 cents a share, a year earlier. Sales soared to 19% from a year earlier to $510.4 million, setting a new record for the company and exceeding the company's guidance. Analysts were most recently forecasting that Adobe would earn 29 cents a share on $507.1 million in revenue in the fourth quarter, according to Thomson First Call. In October, Adobe said its results should hit the