Adobe Systems (ADBE) Tops Q1 EPS by 12c, Guidance Beats

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Go back to Adobe Systems (ADBE) Tops Q1 EPS by 12c, Guidance Beats

Adobe Reports Record Revenue in Q1 Fiscal 2023

March 15, 2023 4:05 PM EDT

Company raises Digital Media net new ARR and EPS annual targets

SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its first quarter fiscal year 2023 ended March 3, 2023.

Adobe drove record Q1 revenue and we are raising our annual targets based on the tremendous market opportunity and continued confidence in our execution, said Shantanu Narayen, chairman and CEO, Adobe. Creative Cloud, Document Cloud and Experience Cloud are mission-critical in fueling the global digital economy.

Our strong engine of innovation combined with world-class operational rigor drove... More