Adobe Systems (ADBE) Tops Q4 EPS by 4c

Adobe Systems (NASDAQ: ADBE) reported Q4 EPS of $0.90, $0.04 better than the analyst estimate of $0.86. Revenue for the quarter rose 23% to $1.61 billion versus the consensus estimate of $1.59 billion.

Digital Media segment revenue was $1.08 billion, with Creative revenue growing 33 percent year-over-year to $886 million. Adobe Marketing Cloud achieved record revenue of $465 million, representing 32 percent year-over-year growth.

“Adobe’s market-leading digital media and digital marketing solutions are revolutionizing how customers design and deliver exceptional digital experiences,” said Shantanu Narayen, president and chief executive officer of Adobe. “We enter 2017 with significant market momentum and strong technology tailwinds.”

“Across our business, Adobe had a strong 2016 as we met or exceeded all of our key financial targets for the year,” said Mark Garrett, Adobe executive vice president and chief financial officer. “We are uniquely positioned as a cloud provider to deliver both top line and bottom line growth.”

For earnings history and earnings-related data on Adobe Systems (ADBE) click here.

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