Adobe Systems (ADBE) Tops Q4 EPS by 15c, Offers Q1 and FY Guidance
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Adobe Reports Record Q4 and Fiscal 2020 Revenue
December 10, 2020 8:00 AM ESTCompany Generates Record $1.8 Billion in Operating Cash Flows During Q4; Surpasses $10 Billion in Digital Media ARR
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its fourth quarter and fiscal year ended Nov. 27, 2020. In its fourth quarter of fiscal year 2020, Adobe achieved record quarterly revenue of $3.42 billion, which represents 14 percent year-over-year growth. In fiscal year 2020, Adobe achieved record annual revenue of $12.87 billion, which represents 15 percent year-over-year growth.
Adobe delivered record Q4 and FY20 revenue performance amidst an unprecedented macroeconomic environment, said Shantanu Narayen, president and... More
