UPDATE 2-Adobe results at top end of view, shares rise

* Sees Q1 earnings 43 cents to 47 cents per share

* Q4 Revenue is $915.3 million, up 0.5 pct

* Stock up 10 pct after hours (Recasts, updates share activity)

SAN FRANCISCO, Dec 16 (Reuters) - Software maker Adobe Systems Inc (ADBE.O) posted a 10.6 percent rise in quarterly net income, matching the top end of the company's recently lowered forecast and sending its shares up 10 percent in extended trade.

Adobe, maker of Acrobat Reader, Flash and Photoshop software, also forecast first-quarter results in line with analysts' estimates.

Fourth-quarter net income rose to $245.9 million or 46 cents per share from $222.2 million or 38 cents a year earlier.

Adjusted earnings per share for the quarter were 60 cents, at the top end of its earlier forecast.

Earlier this month, Adobe said it expected earnings of 59 to 60 cents a share, excluding items, and 45 cents to 46 cents a share including items.

Revenue rose less than 1 percent to $915.3 million from $911.2 million.

Adobe forecast fiscal first-quarter earnings would be between 43 cents and 47 cents per share, excluding one-time items, in line with the Reuters Estimate average of 45 cents.

Including items, the company expects to earn between 30 cents and 35 cents a share.

The company kept its revenue forecast for the fiscal first quarter ending in February to the range it set earlier this month, between $800 million and $850 million.

It also reiterated its operating margin forecast for the quarter of between 26 percent and 28 percent excluding items.

Earlier in the month, the company said its lowered forecast was pegged to weaker-than-expected demand for its new Creative Suite 4 family of products, which began shipping in the quarter, as the main cause of the revenue shortfall.

The company is also in the process of cutting 600 jobs.

CS4 is a package of tools for graphic designers that includes Photoshop photo-editing software, 3-D computer drawing program Illustrator, Dreamweaver for designing Web sites and Soundbooth for audio-editing.

Shares of the San Jose, California-based company closed the regular session at $22.32, up 0.96 cents or 4.49 percent. After hours they rose to $24.70. (Reporting by David Lawsky and Nichola Groom)