Adobe Systems (ADBE) Tops Q4 EPS by 4c
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Adobe Reports Record Revenue and Net Income
December 15, 2016 4:05 PM ESTCompany Achieves 22 Percent Year-Over-Year Annual Revenue Growth in Fiscal 2016
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its fourth quarter and fiscal year 2016 ended Dec. 2, 2016.
In its fourth quarter of fiscal year 2016, Adobe achieved record quarterly revenue of $1.61 billion, representing year-over-year growth of 23 percent. In fiscal year 2016, Adobe achieved record annual revenue of $5.85 billion, representing year-over-year growth of 22 percent. The company also achieved record quarterly net income, cash flow and deferred revenue during its fourth quarter.
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