Adobe posted record first-quarter earnings of $123 million on revenue of $423.3 amid strong global sales.

Fueled by strong demand for its software, the company raised its fiscal 2004 financial outlook.

Net income for the quarter was a record $123 million, or 50 cents a share, compared with year-ago net income of $54.2 million, or 23 cents.

Revenue was a record $423.3 million, up 43 percent from $296.9 million a year earlier, the company said.

Adobe was expected to post earnings of 40 cents a share on revenue of $392.7 million, according to analysts.