Sunday, September 22, 2019
No menu items!

ADOBE revenues rose 2.7% this quarter


Shinzo Abe reshuffles Japanese Cabinet, Shinjiro Koizumi appointed as environment minister

Japan's Prime Minister Shinzo Abe appoints foreign ministers and new defense ministers, in addition to elevating rising political figures,...

Saudi Arabia wants uranium enrichment for its nuclear program

Saudi Arabia wants uranium enrichment for its nuclear program, the energy minister said on Monday, adding that it may...

Trump’s decision has left Afghanistan on the verge of bloody lead in National elections

US President Donald Trump's decision to cancel talks with the Taliban, at least for the time being, has left...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in business reporting. He is Chief content editor at He can be reached at: [email protected]

Analysts has declared that the Adobe has outperformed in quarterly profit and revenue estimates, driven by digital media growth with its flagship product, Creative Cloud.

The shares of the company, which is famous for the developing Photoshop to modify images, rose 2.7% in the post-hours period, while ADOBE is increasing its focus on fast-growing cloud business, a highly competitive market dominated by Microsoft, Oracle and Sales force. .

The company expects revenues to be about $ 2.80 billion in the third quarter, lower than analysts’ estimates of $ 2.83 billion, according to IBES data from Refinitiv.

Revenue jumped 25% to $ 2.74 billion in the second quarter ended May 31, and net income fell to $ 632.6 million, or $ 1.29 per share, from $ 663.2 million, or $ 1.33 per share, a year earlier.

Read also: Technique to identify criminals through their hands soon

Latest News

Hong Kong: Police used tear gas and rubber bullets to disperse violent protesters

In Hong Kong, protesters from the democracy movement clashed again with police on Saturday. The police used tear gas...

Adel al-Jubeir: Saudi Arabia takes appropriate action against Iran

Saudi Foreign Minister Adel al-Jubeir said the investigation would prove that the September 14 attacks came from the north and Iran was responsible. Tehran...

Israeli president will begin consultations on forming a new government tomorrow

Israeli President Reuven Rivlin on Sunday will begin consultations on forming new government with parliamentary blocs winning Tuesday's Knesset elections as a prelude to...

Iran holds joint exercises with Russia and China in Oman Sea and Indian Ocean

Iran has announced that it will hold joint exercises with Russia and China soon in the Sea of ​​Oman and the Indian Ocean, for...

French police arrest 90 demonstrators during Yellow Vest protests

French police on Saturday arrested 90 protesters and fired tear gas during protests called for by the "yellow Vest", Russia Today reported. The French authorities...

Related News