Adobe Overestimates Itself? The R&D Budget for Adobe to Be Reduced Ben Alley
At the Fall Financial Analyst Meeting, Adobe annouced that it would drop its spending on research and development from 20 to 19 percent of projected sales.
"Our R&D investment is larger than the annual revenues of most of our competitors, and we do think that gives us a competitive advantage," Adobe President Bruce Chizen told Fool analyst Zeke Ashton back in September. So even if the company does hold back on research, it should still remain ahead of the pack.
The 20 percent growth analysts predicted for the company is expected by Adobe to be 25 percent. Also, operating margins are anticipated to rise to 32 percent.
