Adobe Systems has reported a better-than-expected quarterly profit as more customers subscribed to its Creative Cloud monthly package of publishing tools. Revenue in Adobe’s digital media business, its largest by revenue, rose to US$1.21 billion in Q2 from $943 million, beating analysts’ estimates.
The digital media segment includes Creative Cloud, which also includes Web video building application Flash, Photoshop and InDesign for book, magazine and – yes – daily newsletter publishing.
Subscription revenue rose nearly 37 percent to $1.48 billion in the three months ended June 2, after which Adobe put its monthly prices up. Adobe’s shares have risen 53 percent this year.
Net income rose to $374.4 million from $244.1 million a year earlier while revenue jumped 26.7 percent to $1.77 billion, Adobe said.
