Adobe Systems (ADBE) Tops Q1 EPS by 9c, Offers Q2 and FY Guidance
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Adobe Reports Record Revenue
March 14, 2019 4:05 PM EDTStrong Results Include Record Adobe Document Cloud Performance; Company Increases Fiscal 2019 Targets
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its first quarter fiscal year 2019 ended March 1, 2019.
Adobe adopted revenue accounting standard Accounting Standards Codification (ASC) 606 for its fiscal year 2019. Financial targets provided by the company in Dec. 2018 were based on the prior revenue accounting standard ASC 605. This release reports results based on ASC 606, and where applicable results under the prior ASC 605 standard have been provided for comparison purposes against the companys ASC 605-based targets.
Q1 FY2019... More
