Adobe posted record revenue for its third quarter, seeing sales of $990.3 million, compared to $697.5 million reported for the third quarter of 2009 (revenue also increased from $943.0 million reported in the second quarter of 2010). Revenue jumped 42 percent from the previous year. Net Income also remained strong for Adobe. Adobe’s non-GAAP diluted earnings per share quarter were $0.54, compared to $0.35 reported in the third quarter of 2009. Non-GAAP net income was $284.0 million for the third quarter, compared to $186.1 million from the previous year. Adobe’s GAAP diluted earnings per share for the third quarter of 2010 were $0.44 compared to $0.26 reported in the third quarter of 2009. GAAP net income was $230.1 million for quarter, compared to $136.0 million reported in 2009. After the ongoing war between Apple and Adobe over the whole Flash-fiasco, it seems that things are looking up for Adobe. While Apple’s recent relaxation of developer guidelines certainly doesn’t mean that Flash will now be allowed. Adobe just announced that its resuming work on its Flash-to-iPhone system for Flash Professional CS5 and we’ll see if this flies with Apple. CrunchBase InformationAdobe SystemsInformation provided by CrunchBase 0 0 1 1 2 2 3 3 4 4 5 5 6 6 7 7Authors: Leena Rao