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

Adobe beats Q2 expectations, but just barely.

@tracehagan
Published Tue, Jun 18 2013 6:03 PM CDT   |   Updated Tue, Nov 3 2020 12:22 PM CST

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.

Adobe beats expectations with $1.011B in revenue, $0.36 EPS | TweakTown.com

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

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

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