Adobe Systems (ADBE) Tops Q2 EPS by 3c; Says on Track to Meet, Exceed FY16 Expectations
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June 21, 2016 4:05 PM EDT
Strong 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...
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June 21, 2016 9:02 AM EDT
New 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
