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Adobe Earnings On The Up

Adobe has announced better-than-expected earnings for Q2, recording revenue of US$2.74 billion for the period.

That’s a 25 per cent growth year-over-year in the quarter with Adobe’s largest business segment, Digital Media, leading the charge.

Creative Cloud and Document Cloud products produced $1.89 billion in revenue, up 22 per cent.

The Digital Experience segment, which contains Magento and Marketo, had revenue of $783.5 million while the Publishing segment contributed $70.6 million.

In the quarter Adobe reported $7.47 billion in annualized recurring revenue for its Digital Media business.



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