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 SAN FRANCISCO (AP) - Bullish executives at Adobe Systems Inc. are predicting a blockbuster summer as the company, which produces popular software such as Photoshop, continues its biggest-ever product launch.
Summer is a traditionally lackluster season for American retailers — particularly software companies that sell expensive items to corporations whose employees often go on vacation in July and August. But Adobe Chief Executive Bruce Chizen predicted Thursday that Adobe would sell more goods in the third quarter than in the second quarter, setting a new all-time quarterly revenue record.
"The heart of summer is always a difficult quarter for us. Despite that, we're providing guidance that says we'll grow sequentially, which is rare for Adobe," said Chizen, who characterized the second-quarter performance as "dynamite." "Customers seem to like what we're doing."
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