Adobe Systems (ADBE) Tops Q3 EPS by 16c, Revenues Beat; Offers 4Q EPS/Revenue Guidance
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Adobe Reports Record Revenue
September 15, 2020 4:05 PM EDTQ3 Results Include $1.44 Billion in Operating Cash Flows and RPO Surpassing $10 Billion
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its third quarter fiscal year 2020 ended Aug. 28, 2020.
Third Quarter Fiscal Year 2020 Financial Highlights
Adobe achieved record quarterly revenue of $3.23 billion in its third quarter of fiscal year 2020, which represents 14 percent year-over-year growth. Diluted earnings per share was $1.97 on a GAAP basis, representing 22 percent year-over-year growth, and $2.57 on a non-GAAP basis, representing 25 percent year-over-year growth. Digital Media segment revenue was $2.34 billion, which represents 19... More