Adobe Systems (ADBE) Tops Q1 EPS by 5c; Adds 517K New CC Subscriptions
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Adobe Reports Strong Q1 FY2015 Financial Results
March 17, 2015 4:05 PM EDTCompany Announces Newest Offering, Adobe Document Cloud
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its first quarter fiscal year 2015 ended Feb. 27, 2015.
Financial Highlights
Adobe achieved revenue of $1.11 billion, above the high end of the targeted range of $1.05 billion to $1.10 billion. Adobe added 517 thousand net new Creative Cloud subscriptions in the quarter, which represents 28 percent year-over-year growth when compared to net new subscription additions in Q1 fiscal year 2014. Creative Annualized Recurring Revenue (ARR) grew to $1.79 billion,... More