B of A Conference: Adobe Sees Strong Revenue Growth - TheStreet

B of A Conference: Adobe Sees Strong Revenue Growth

The company says demand for Web content is driving its sales.
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SAN FRANCISCO -- Adobe Systems (ADBE) - Get Report, which just reported an impressive fiscal third quarter, sees more of the same ahead.

In a presentation Wednesday at the

Banc of America Securities Investment Conference

here, Bryan Lamkin, Adobe's senior vice president of marketing, said the graphic design software maker will see at least 25% revenue growth in fiscal 2001 due to an explosive demand for Web content. The company just last week reported 26% top-line growth in its fiscal third quarter.

Lamkin said that the company dominates fields like Web publishing and digital imaging. And the company's new

Photoshop 6.0

will be released next month. Adobe also is pushing to make more money from its Web site,

Adobe.com

, which it said attracts 11 million visitors each month.

Investors definitely have taken to Adobe's talk recently. The stock has been steadily rising and on Wednesday added another $4.88, or 3.2%, to close at $157.75.

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