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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Inmate in jail with Anthony lost child to drowning 1:33am EDT Israel asks Apple to remove intifada phone app 21 Jun 2011 Roger Ebert defends Tweet about "Jackass" star 21 Jun 2011 UPDATE 1-LulzSec's ambition grows, targets secret govt data 21 Jun 2011 California lawmakers denied pay until budget resolved 21 Jun 2011 Discussed 48 Weiner tells friends he will resign: NY Times 48 IMF cuts U.S. growth forecast, warns of crisis 46 Ron Paul wins 2012 Republican straw poll in New Orleans Watched Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 Airbus A380 damaged at Paris Air Show Mon, Jun 20 2011 Grim cigarette labels aim to curb smoking Mon, Jun 20 2011 Adobe sees weakness in Europe, shares dip Tweet Share this Email Print Related News BlackBerry maker slashes forecast, shares tumble Thu, Jun 16 2011 UPDATE 4-Kroger raises profit view as higher prices stick Thu, Jun 16 2011 Smithfield Foods Q4 profit powered by exports Thu, Jun 16 2011 Best Buy wins more phone shoppers, tops estimates Tue, Jun 14 2011 Travelers to post loss, slow buybacks after storms Fri, Jun 10 2011 Analysis & Opinion Why a Greek default won’t ever be priced in Suitors offer TMX owners uninspiring choice Related Topics Technology » Media » Adobe CEO Shantanu Narayen speaks at the Samsung keynote address on the opening day of the Consumer Electronics Show (CES) in Las Vegas January 6, 2011. Credit: Reuters/Rick Wilking SEATTLE | Tue Jun 21, 2011 6:29pm EDT SEATTLE (Reuters) - Adobe Systems Inc reported on Tuesday a 54 percent jump in quarterly net profit and held on to its sales growth target, but warned of weakness in demand for its applications in Europe. The shares of the world's biggest maker of design software dipped 3.7 percent in after-hours trading, to $30.83 after closing at $32.01 on Nasdaq. Adobe, which makes the Flash media player, Omniture web analytics software and Acrobat document manipulation application, said that sales were not as badly affected as it had feared by the earthquake in Japan, one of its biggest markets, but cautioned that sales in Europe fell below expectations. "We experienced weaker than expected demand in EMEA," said Mark Garrett, Adobe's chief financial officer, in a conference call, referring to the regions of Europe, Middle East and Africa. For the fiscal second-quarter it reported net profit of $229.4 million, or 45 cents per share, compared with $148.6 million, or 28 cents per share, in the year-ago quarter. Excluding some items, it reported profit of 55 cents per share. Wall Street expected 51 cents per share, on average, according to Thomson Reuters I/B/E/S. Sales rose 9 percent to $1.02 billion. Analysts were expecting $994.8 million, on average. Adobe warned in March that sales would be cut in the quarter because of disruption after the earthquake and tsunami that struck Japan, which accounted for 13 percent of the company's sales last fiscal year. The company said on Tuesday it was standing by its target of 10 percent revenue growth in fiscal 2011, which ends in early December. For the current quarter, Adobe forecast profit of 50 to 56 cents per share, excluding some items, in line with analysts' average estimate of 54 cents. It forecast sales of $1 billion to $1.05 billion, in line with the $1.02 billion expected by analysts. (Reporting by Bill Rigby; editing by Andre Grenon, Bernard Orr) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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