Adobe Systems (ADBE) Guides Q3 EPS, Revenue Midpoint to Light-Side of 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... More