Adobe's quarterly revenue surges 23 percent
Tweet
Share
E-mail
An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson
(Reuters) - Adobe Systems Inc on Thursday reported a 22.8 percent rise in quarterly revenue, helped by higher subscriptions for its flagship Creative Cloud suite of software that includes Photoshop.
The San Jose, California-based company's net income rose to $678.2 million, or $1.37 per share, in the fourth quarter ended Nov. 30, from $501.5 million, or $1 per share, a year earlier.
Total revenue rose to $2.46 billion from $2.01 billion.
(Reporting by Vibhuti Sharma in Bengaluru; Editing by James Emmanuel)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Adobe expands agentic AI partnerships with agencies and tech firms
- Adobe Unveils Major Expansion of Creative Agent Across Firefly and Creative Cloud Apps Including Photoshop and Premiere
- Amazon Prime Day to gauge US consumer strain as focus shifts to basics
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
