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Adobe CEO: We're Done With Cost-Cutting

Software maker Adobe Systems is through cutting costs and sees an untapped demand for its product in the market, CEO Shantanu Narayen said.

"At this point we're planning for the upside. We demonstrated in a tough year last year that we were able to make the appropriate cost cuts to continue to deliver great value to our shareholders," said Narayen.

"But given the opportunity that we see ahead of us as every business moves online and every business moves digital, we're really focused this year on capitalizing on the opportunity that we see ahead of us," he said.

Technological advances in smartphones, TV's and in tablet devices are some of the devices that will help keep Adobe's design software in demand, he said.