Friday, December 9, 2022

Adobe's quarterly revenue surges 23 percent

Adobe's quarterly revenue surges 23 percent
(Reuters) - Adobe Systems Inc on Thursday reported a 22.8 percent rise in quarterly revenue, helped by higher subscriptions for its flagship Creative Cloud suite of software that includes Photoshop. The San Jose, California-based company’s net income rose to $678.2 million, or $1.37 per share, in the fourth quarter ended Nov. 30, from $501.5 million, or $1 per share, a year earlier. Total revenue rose to $2.46 billion from $2.01 billion.