Categories AlphaGraphs, Earnings, Technology
Earnings: Adobe (ADBE) Q2 profit rises, beats Street view; revenue up 14%
Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday announced second-quarter results, reporting revenues and earnings that increased year-over-year and topped expectations.
At $4.39 billion, second-quarter revenues were up 14% from the prior-year period and above the market’s projection. The top line benefited from strong growth in the core operating segments.
Net profit, excluding special items, rose to $3.35 per share from $3.03 per share last year and came in above the consensus forecast. Unadjusted net income was $1.18 billion or $2.49 per share, compared to $1.12 billion or $2.32 per share in the second quarter of 2021.
Check this space to read management/analysts’ comments on Adobe’s Q2 results
“We are winning in our established businesses and seeing significant momentum in new categories from content authoring for a broad base of creators to PDF functionality on the web to the leading real-time customer data platform for global enterprises,” said Adobe’s CEO Shantanu Narayen.
Prior performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on