Adobe (ADBE) PT Raised to $660 at Bernstein SocGen Group

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Go back to Adobe (ADBE) PT Raised to $660 at Bernstein SocGen Group

Adobe Reports Record Revenue in Q2 Fiscal 2024

June 13, 2024 4:05 PM EDT

Company raises annual targets for Digital Media net new ARR, Digital Experience subscription revenue and EPS

SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its second quarter fiscal year 2024 ended May 31, 2024.

Adobe achieved record revenue of $5.31 billion driven by strong growth across Creative Cloud, Document Cloud and Experience Cloud, said Shantanu Narayen, chair and CEO, Adobe. Our highly differentiated approach to AI and innovative product delivery are attracting an expanding universe of customers and providing more value to existing users.

Adobe delivered outstanding Q2... More