Adobe (ADBE) Tops Q3 Estimates, After-Hours Move Lower in Shares Creates a Buying Opportunity Says Analyst
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Adobe Reports Record Revenue
September 21, 2021 4:05 PM EDTRemaining Performance Obligations exiting the quarter were $12.6 billion, up 22 percent year over year
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its third quarter fiscal year 2021 ended Sept. 3, 2021.
Third Quarter Fiscal Year 2021 Financial Highlights
Adobe achieved record revenue of $3.94 billion in its third quarter of fiscal year 2021, which represents 22 percent year-over-year growth. GAAP diluted earnings per share was $2.52, representing 28 percent year-over-year growth, and non-GAAP diluted earnings per share was $3.11, representing 21 percent year-over-year growth. Digital Media segment revenue was $2.87 billion, which represents 23... More