Even though it's the 25th anniversary for Adobe (NASDAQ: ADBE), the company still seems like a fast-growing upstart. For example, in yesterday's Q4 earnings report, the company posted a 34% increase in revenues to $911.2 million and net income was up 21% to $222.2 million, or $0.38 per share.

Adobe got a nice boost from a variety of major product launches, such as with Visual Communicator 3, the LiveCycle Enterprise Suite, and new versions of Creative Suite 3.

There was also an update to the hugely popular Flash video system (accounting for 76% of web video streams), which supports HD formats and has mobile device support.

Going into 2008, Adobe is definitely excited about its AIR initiative, which is a cutting-edge platform to create multimedia web applications. Companies like eBay (NASDAQ: EBAY), Salesforce.com (NYSE: CRM), Yahoo (NASDAQ: YHOO) and others have already created applications with AIR.

For Q1, Adobe expects revenues of $855 to $885 million, with earnings of $0.34 to $0.36 per share.

In today's trading, Adobe's stock is up 6.85% to $43.70 in early trading.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates DealProfiles.com.

AIR Adobe earnings originally appeared on BloggingStocks on Tue, 18 Dec 2007 13:22:00 EST. Please see our terms for use of feeds.