Adobe Q1 Earnings Beat Estimates

Adobe, the software maker whose tools are used by many designers and developers, is reporting that its first quarter non-GAAP earnings were 66 cents a share, handily beating Wall Street estimates of 61 cents per share. Revenue was $1.38 billion, a 25 percent year-over-year increase.

Revenue for its Creative Cloud offering, which includes Photoshop, climbed 44 percent to $733 million. ZDNet writes, “Adobe has become a poster child for successful migration to subscription-based services, as its creative apps continue to appeal to a range of professionals and hobbyists.”

For the year, Adobe is projecting revenue of $5.8 billion.

View article

Share the Post:
Share on facebook
Share on twitter
Share on linkedin

Overview

The Latest

positive contribution tech

Technology’s Positive Contributions to Society

Technology has and continues to improve our lives. From the business world to the world of medicine, and our day-to-day lives, you can’t go a day without interacting with at least one form of technology. While some fear technology may be going too far, there are many ways in which

How to Choose From The Best Big Data Platforms in 2023

How to Choose From The Best Big Data Platforms in 2023

As big data continues to become increasingly popular in the business world, companies are always looking for better ways to process and analyze complex data. The process critically depends on the platform that manages and analyzes the data. In this article, we will provide a guide to help you choose

Why transparent code is a good idea

Why Transparent Code is a Good Idea

Code is used to make up the apps and software we use every day. From our favorite social media platforms to our online banking services, code is the framework used to build these tools that help make our lives easier. Code is complex. Software today requires large teams of programmers

The Role of WordPress Hosting in Website Speed and Performance

The Role of WordPress Hosting in Website Performance

The term “WordPress hosting” refers to a specific type of web hosting service that offers hardware and software configurations tailored to the needs of WP sites. It’s important to remember that a WP hosting package is not required to host WordPress webpages. WP web pages are also compatible with standard

Data Privacy vs. Data Security: What you Should Know

Data Privacy vs. Data Security: What you Should Know

Data privacy and data security are often used interchangeably, but they are two completely different things. It’s important to understand the difference for anyone who handles sensitive information, such as personal data or financial records. In this article, we’ll take a closer look at data privacy vs. data security. We’ll