Software maker Adobe Systems Inc warned that quarterly revenue missed its forecast, but said cost cutting should allow it to post profits in line with company targets, sending shares nearly 5 percent higher.

BOSTON - Software maker Adobe Systems Inc warned that quarterly revenue missed its forecast, but said cost cutting should allow it to post profits in line with company targets, sending shares nearly 5 percent higher.

The maker of Photoshop, Flash and Acrobat software said on Wednesday that revenue for the first quarter ended Feb. 27 was between $783 million to $786 million, based on preliminary results, missing its target of $800 million to $850 million.

It expects to report quarterly profit, excluding items, of 44 cents to 45 cents per share, in the middle of its previous target range of 43 cents to 47 cents.

"Despite worsening market conditions, we were able to manage expenses to deliver earnings and margin results within the target ranges we provided at the outset of the quarter," Chief Executive Shantanu Narayen said in a statement.

The company expects to report a non-GAAP operating margin of 37 percent to 38 percent, in line with a forecast it first issued on Dec. 3.

Shares in the San Jose, California-based company rose to $17.09 in late electronic trading, up from their Nasdaq close of $16.32.