Adobe Systems Inc, the maker of Photoshop and Acrobat software, reported better-than-expected quarterly profit and revenue, helped by higher subscription sales of its Creative Cloud and Marketing Cloud suites. Adobe's shares rose 8.6 percent in after-hours trading. "These results reflect Adobe is continuing to execute well through its transition to the cloud, which continues to be a key ingredient in the company's long-term recipe for success, " FBR Capital Markets analyst Samad Samana told Reuters. Adobe said it would phase out the traditional box license versions of its Creative Suite 6 and offer the software only on a web-based subscription model.
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