Adobe Reports Rising Revenue
Graphics software giant Adobe has reported Q3 revenue and profit slightly above analysts’ expectations, and forecast higher profit this quarter.
Revenue in the three months ended in August rose 20 percent compared to the same period last year, to $1.46 billion. Analysts had expected $1.45 billion in revenue. Creative Cloud revenue was up 39pc at $803 million.
“Our leadership in cloud-based content and data platforms make us a mission-critical partner to the world’s biggest brands as they transform how they engage with their customers,” said Shantanu Narayen, Adobe CEO.