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.