Adobe Systems

(ADBE) - Get Report

said Tuesday it is on track to meeting prior revenue and earnings guidance for the second quarter, thanks to the strength of Photoshop software upgrades.

In March, Adobe projected revenue of $305 million to $325 million and pro forma earnings of 24 cents to 27 cents a share for the second quarter, which ends May 31.

The consensus on Wall Street is for the company to post pro forma earnings of 25 cents a share on $315.9 million in revenue in the second quarter.

San Jose, Calif.-based Adobe cited a strong launch of the English version of Adobe Photoshop 7 in mid-April and said it expects major non-English versions to ship in the second quarter.

The company's announcement came in advance of a midquarter conference call update. The company will report second-quarter results June 13.

Shares of Adobe rose $2.74, or 7.4%, to close at $39.96. After the company's announcement, shares rose to $40.25 in after-hours trading.