Adobe Systems (ADBE) Tops Q1 EPS by 7c
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Adobe Reports Record Revenue
March 16, 2017 4:05 PM EDTMomentum Continues with Strong First Quarter Financial Performance
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its first quarter fiscal year 2017 ended March 3, 2017.
Financial Highlights
Adobe achieved record quarterly revenue of $1.68 billion in its first quarter of fiscal year 2017. Diluted earnings per share was $0.80 on a GAAP-basis, and $0.94 on a non-GAAP basis. Digital Media segment revenue was $1.14 billion, with record Creative revenue growing to $942 million. Strong Creative Cloud and Document Cloud adoption and... More