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Adobe beats expectations with $1.011B in revenue, $0.36 EPS

Adobe beats Q2 expectations, but just barely

| Business, Financial & Legal News | Posted: Jun 18, 2013 11:03 pm

Adobe has performed better than expectations by posting second-quarter revenues of $1.011 billion and earnings-per-share of $0.36. Analysts had predicted that Adobe would post earnings-per-share of just $0.34 on $1 billion in revenue. While not massively higher than expectations, it is good news for Adobe that they performed better than expectations.

 

TweakTown image news/3/1/31137_1_adobe_beats_expectations_with_1_011b_in_revenue_0_36_eps.jpg

 

Creative Cloud seems to be the highlight in the earnings report. Adobe reported that they had 700,000 paid Creative Cloud members, up from the 479,000 reported during the first-quarter earning's report.

 

It's important for Adobe to continue adding Creative Cloud subscribers as Adobe has transitioned the Creative suite to a cloud-only subscription model.

NEWS SOURCES:Thenextweb.com

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