trending Market Intelligence /marketintelligence/en/news-insights/trending/wm8pphconhtw0pd76fzxrg2 content esgSubNav
In This List

Adobe posts higher quarterly income as revenue surges

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Adobe posts higher quarterly income as revenue surges

Application software company Adobe Systems Inc. posted net income of $583.1 million for the first fiscal quarter of 2018 from $398.5 million in the prior-year period, as revenue surged 24% year over year.

Diluted earnings per share for the quarter that ended March 2 stood at $1.17, up from 80 cents in the first fiscal quarter of 2017.

Total revenue came in at $2.08 billion for the quarter, up from $1.68 billion in the earlier-year period, with the Digital Media segment posting revenue of $1.46 billion.

Operating income increased to $702.7 million in the first fiscal quarter, up from $469.0 million in the same period last year.