Adobe Systems (ADBE) Tops Q1 EPS by 4c, Offers Q2 Guidance

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Go back to Adobe Systems (ADBE) Tops Q1 EPS by 4c, Offers Q2 Guidance

Adobe Reports Record Revenue

March 12, 2020 4:05 PM EDT

Company Achieves First $3 Billion Quarter

SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its first quarter fiscal year 2020 ended Feb. 28, 2020.

First Quarter Fiscal Year 2020 Financial Highlights

Adobe achieved record quarterly revenue of $3.09 billion in its first quarter of fiscal year 2020, which represents 19 percent year-over-year growth. Diluted earnings per share was $1.96 on a GAAP basis, and $2.27 on a non-GAAP basis. Adobes earnings per share results factor an expense charge related to the cancellation of corporate events including... More