Adobe Systems (ADBE) Tops Q1 EPS by 36c, Offers Q2 and FY Guidance
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Adobe Raises Annual Targets on Strong Q1 Results
March 23, 2021 4:05 PM EDTCompany Achieves Record Quarterly Revenue Across Creative Cloud, Document Cloud and Experience Cloud
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its first quarter fiscal year 2021 ended March 5, 2021.
First Quarter Fiscal Year 2021 Financial Highlights
Adobe achieved record quarterly revenue of $3.91 billion in its first quarter of fiscal year 2021, which represents 26 percent year-over-year growth. Diluted earnings per share was $2.61 on a GAAP basis, representing 33 percent year-over-year growth, and $3.14 on a non-GAAP basis, representing 38 percent year-over-year growth. Digital Media segment revenue was $2.86 billion, which... More