Adobe Systems (ADBE) Tops Q3 EPS by 4c; Announces Several Executive Changes
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September 17, 2015 4:04 PM EDT
SAN 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
September 17, 2015 4:03 PM EDT
Q3 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
