Adobe Creates Record Earnings: Its Head Is In The Clouds

Adobe Systems Incorporated (NASDAQ: ADBE) issued its financial report Tuesday after the market closed, and investors seemed pleased with the results. Since the company moved to a subscription model several years ago, Adobe has continued to reap the benefits of its decision. Removing the uncertainty associated with the timing of purchases and licensing deals have allowed the company to focus on providing creative software solutions to its users while moving the majority of its business into the cloud. The company produced record revenue of $1.77 billion, up from $1.4 billion, a 27% increase over the prior-year quarter.

Topics:  systems incorporated nasdaq   adbe    adobe   record   earnings   company   billion   cloud   revenue   investors   increase   results   million   year   
BING NEWS:
  • Q1 2024 GoDaddy Inc Earnings Call
    Amanpal Singh Bhutani; CEO & Director; GoDaddy Inc. Christie Masoner; Senior Manager of IR; GoDaddy Inc. Mark McCaffrey; CFO; GoDaddy Inc. Aaron Michael Kessler; Senior Analyst; Seaport Research ...
    05/2/2024 - 9:16 pm | View Link
  • Q1 2024 Donnelley Financial Solutions Inc Earnings Call
    Mike Zhao; Head of Investor Relations; Donnelley Financial Solutions Inc Daniel Leib; President, Chief Executive Officer, Director; Donnelley Financial Solutions Inc David Gardella; Chief Financial ...
    05/1/2024 - 5:04 pm | View Link
  • Amphenol Corporation (NYSE:APH) Q1 2024 Earnings Call Transcript
    Q1 2024 Earnings Call Transcript April 24, 2024 Amphenol Corporation beats earnings expectations. Reported EPS is $0.8, expectations were $0.74. APH isn’t one of the 30 most popular stocks among hedge ...
    04/26/2024 - 2:12 am | View Link
  • Adobe: Strong Fundamentals Overshadowed By Growth Uncertainty, Hold Rating
    The Bad: Management failed to reiterate its full-year outlook for net new annual recurring revenue during their last earnings call. The CEO's optimistic "feel good" remarks contrasted with unclear ...
    04/4/2024 - 10:25 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News