Earnigns: Adobe Revenue Up 19 Percent, Earnigns Up 29 Percent

This story was written by Joseph Weisenthal.
Software maker Adobe (NSDQ: ADBE), a major beneficiary of online video, reported quarterly (its Q2) revenue of $886.9 million, a 19 percent increase from $745.6 million in the year-ago quarter. Net income soared 29 percent to $214.9 million ($.40 per share) from $152.5 million ($.25 per share). Non-GAAP EPS came to $.50, ahead of analyst estimates of $.46. For the coming quarter, Adobe sees revenue between $855-$885 million, so current estimates of $878 million are comfortably in range. The company attributed its solid growth to its geographic diversity, though it didn't break out the US, non-US split.

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By Joseph Weisenthal
  • CBSNews

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