REUTERS - Software maker Adobe Systems Inc released quarterly results that beat Wall Street projections, sending its shares up 3 percent. The positive surprise came a month after the company announced plans to lay off 7 percent of its staff as it cut back on investment in some products and halted development of its Flash Player for mobile browsers, surrendering in a long-running war with Apple Inc over emerging Web standards. The world's biggest maker of design software posted a profit, excluding items, of 67 cents per share for the fourth quarter, which ended December 2. ...
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