Software maker Adobe Systems Inc. (ADBE-Q26.46-0.06-0.23%) released quarterly results that beat Wall Street projections, sending its shares up 3 per cent.
The positive surprise came a month after the company announced plans to lay off 7 per cent of its staff as it cut back on investment in some products and halted development of its Flash Player for mobile browsers, surrendering in a long-running war with Apple Inc. (AAPL-Q378.94-1.25-0.33%) over emerging Web standards.
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