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  • Adobe Q1 tops estimates on strong Creative Cloud momentum

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Adobe Q1 tops estimates on strong Creative Cloud momentum

Adobe delivered solid first quarter financial results on Thursday after the market closed. The software giant reported fiscal first quarter earnings of $674 million, or $1.36 a share. Non-GAAP earnings in the quarter were $1.71 a share on revenue of $2.6 billion.FeaturedWall Street was looking for earnings of $1.62 a share on revenue of $2.55 billion.The Photoshop maker said subscription revenue was $2.3 billion, product revenue was $170 million, and that services and support revenue reached $125 million.Revenue from Adobe's Digital Media unit overall was $1.78 billion and Digital Experience segment revenue was $743 million. Broken out, Creative Cloud revenue reached $1.49 billion in Q1, while Document Cloud was $282 million. Meanwhile, Adobe said annualized...

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See the news Adobe Q1 tops estimates on strong Creative Cloud momentum from Source ZD net on 14/03/2019 has been updated to day with the theme on feedixo.