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

Adobe beats Q2 expectations, but just barely

By: Trace Hagan from Jun 18, 2013 @ 18:03 CDT

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.

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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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