updated 04:45 pm EST, Thu March 15, 2001
Adobe today announced that John Warnock, its co-founder, is retiring from the company, although he will continue to remain co-chairman of the board. Adobe also reported first quarter revenues of $329 million, with a $69.8 million profit, narrowly beating analysts' expectations. Analysts recently have questioned Adobe's ability to maintain its revenue growth. Tech heavyweight Oracle, meanwhile, today reported profits of $583 million on revenues of $2.7 billion for its third quarter, meeting revised expectations.