Adobe Systems (ADBE) Tops Q2 EPS by 3c; Says on Track to Meet, Exceed FY16 Expectations
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Adobe Reports Record Revenue
June 21, 2016 4:05 PM EDTStrong Adoption of Cloud Solutions Drives 20 Percent Year-over-year Revenue Growth
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its second quarter fiscal year 2016 ended June 3, 2016.
Second Quarter Financial Highlights
Adobe achieved record quarterly revenue of $1.40 billion, representing year-over-year growth of 20 percent. Diluted earnings per share were $0.48 on a GAAP-basis, and $0.71 on a non-GAAP basis. Digital Media segment revenue grew by 26 percent year-over-year to a record $943 million, with Creative revenue growing 37 percent year-over-year to a record $755... MoreAdobe Creative Cloud Innovations Take Creativity From Blank Page to Brilliant
June 21, 2016 9:02 AM EDTNew Capabilities in Flagship Products, Performance Enhancements and Updates to Adobe Stock Allow Effortless Creation
SAN JOSE, Calif.--(BUSINESS WIRE)-- Taking aim at inefficiencies that slow down the creation process, Adobe (Nasdaq: ADBE) today launched major updates to its flagship Creative Cloud tools and services. The release includes dramatic new features in Adobes flagship applications, performance enhancements across Creative Cloud (CC) and exciting updates to Adobe Stock including deeper integration within CC and the addition of an all-new Premium collection of high-quality stock content. Spanning across virtually all of the... More
