![]() ![]() Subscription revenues were $4.4 billion (accounting for 93.9% of total revenues), up 10.5% on a year-over-year basis. Top Line in DetailĪdobe reports revenues under three categories - Subscription, Product and Services & support. Further, accelerating subscription revenues contributed well. Top-line growth was driven by the strong performance of Adobe Creative Cloud, Document Cloud and Experience Cloud. The figure was up 9% on a reported basis and 13% on a constant currency basis from the year-ago quarter. Total revenues were $4.66 billion, which beat the Zacks Consensus Estimate of $4.61 billion. The figure improved 12.8% on a year-over-year basis. ( ADBE Quick Quote ADBE - Free Report) released first-quarter fiscal 2023 non-GAAP earnings of $3.80 per share, beating the Zacks Consensus Estimate by 3.8%. IBD is run independently from Dow Jones Newswires and The Wall Street Journal.Adobe Inc. This content was created by Investor's Business Daily, which is operated by Dow Jones & Co. Investor's Business Daily - Your edge in the stock market Adobe makes such software applications as Photoshop, Illustrator, Premiere and Acrobat.Īdobe announced its intent to buy Figma, a web-first collaborative design platform, in September.įollow Patrick Seitz on Twitter at for more stories on consumer technology, software and semiconductor stocks. The Justice Department is concerned that Adobe's purchase of Figma would reduce options for design software used by creative professionals. ![]() Department of Justice plans to block Adobe's $20 billion acquisition of Figma. During the regular session Wednesday, ADBE stock inched up a fraction to close at 333.61.įIGMA DEAL UNCERTAINTY BATTERS ADBE STOCKĪDBE stock has been pressured in recent weeks by reports that the U.S. In after-hours trading on the stock market today, ADBE stock popped 4.2% higher to 347.50. In the year-earlier period, Adobe earned $3.37 a share on sales of $4.26 billion. Analysts polled by FactSet had expected Adobe to earn $3.68 a share on sales of $4.62 billion. The San Jose, Calif.-based company earned an adjusted $3.80 a share on sales of $4.66 billion in the quarter ended March 3. Digital media and marketing software firm Adobe late Wednesday beat Wall Street's sales and earnings targets for its fiscal first quarter and guided higher for the full year. ![]()
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