TweakTown
Tech content trusted by users in North America and around the world
5,669 Reviews & Articles | 36,037 News Posts

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 SOURCE
Thenextweb.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below