Categories AlphaGraphs, Earnings, Technology
ADBE Infographic: Adobe Q2 2023 profit rises on strong revenue growth
Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported higher earnings and revenues for the second quarter of fiscal 2023. The company also provided guidance for the third quarter.
Second-quarter revenues came in at $4.82 billion, which is up 9.8% from the year-ago quarter. The top line benefited from strong growth in the core Digital Media business.
Adjusted net profit, excluding one-off items, rose to $3.91 per share from $3.35 per share last year. Unadjusted net income was $1.30 billion or $2.82 per share in Q2, compared to $1.18 billion or $2.49 per share in the second quarter of 2022.
“Adobe’s ground-breaking innovation positions us to lead the new era of generative AI given our rich datasets, foundation models, and ubiquitous product interfaces,” said Adobe’s CEO Shantanu Narayen.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
A look at how Disney’s (DIS) entertainment business performed in Q2 2024
Shares of the Walt Disney Company (NYSE: DIS) stayed green on Wednesday. The stock has gained 16% year-to-date. The company recorded revenue and earnings growth for the second quarter of
Uber Technologies reports wider loss for Q1 2024; revenue up 15%
Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a wider net loss for the first quarter of 2024. Revenues of the ride-sharing giant increased 15% during the three months. Net
