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.

Adobe Q2 2022 earnings infographic

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

  • Adobe Q4 2021 earnings infographic
  • Adobe inc Q3 2021 earnings


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

KB Home (KBH): What did and did not work for the homebuilder in the third quarter

Shares of KB Home (NYSE: KBH) were up slightly on Friday. The stock has dropped 40% year-to-date and 35% over the past 12 months. The company delivered mixed results for

FDX Earnings: FedEx Q1 adjusted earnings drop; revenue up 5%

Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted

Key highlights from Darden Restaurants (DRI) Q1 2023 earnings results

Darden Restaurants, Inc. (NYSE:DRI) reported first quarter 2023 earnings results. Total sales increased 6.1% year-over-year to $2.4 billion, driven by blended same-restaurant sales growth of 4.2%. Net earnings amounted to

Add Comment
Viewing Highlight