Adobe Systems (ADBE) Tops Q3 EPS by 4c; Announces Several Executive Changes
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Adobe Announces Changes to Executive Leadership Team
September 17, 2015 4:04 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today announced a number of organizational changes to its executive team.
Senior Vice President David Wadhwani has decided to leave Adobe to pursue a CEO opportunity. The company announced Bryan Lamkin will lead the Digital Media business, which includes Creative Cloud and Adobe Document Cloud. Lamkin, who currently leads the Document Cloud business as well as Corporate Development and Technology, played a leading role in the success of both Photoshop and Creative Suite. Under Lamkins... More
Adobe Reports Record Revenue
September 17, 2015 4:03 PM EDTQ3 FY2015 Results Driven by Record Adobe Marketing Cloud Revenue and Strong Creative Cloud Adoption
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its third quarter fiscal year 2015 ended Aug. 28, 2015.
Quarterly Financial Highlights
Adobe achieved record quarterly revenue of $1.22 billion, representing year-over-year growth of 21 percent. Digital Media Annualized Recurring Revenue (ARR) grew to $2.65 billion exiting the quarter, driven by strong sequential growth in Creative ARR of $262 million. Adobe Marketing Cloud achieved record revenue of $368 million, representing... More