Adobe Shares Rise on Strong Revenue
4 monthes ago - By Fortune
Adobe Systems reported a better-than-expected quarterly profit as the company benefited from more customers subscribing to its Creative Cloud package, which includes the popular photo-editing software Photoshop.
The company's shares were up 3.5% at $145.80 in after-market trading on Tuesday. If the gains hold, the stock is set to open at a record high on Wednesday.
Revenue in Adobe's digital media business, its largest by revenue, rose to $1.21 billion in the second quarter from $943 million, beating analysts' estimate of $1.17 billion, according to financial data and analytics firm...
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Adobe reports 26.7 percent jump in quarterly revenue
4 monthes ago - By Reuters
Adobe Systems Inc reported a 26.7 percent jump in revenue, the 13th straight quarter of increase, as more customers subscribed to its Creative Cloud package of software tools, which include Photoshop.
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