Adobe's quarterly revenue surges 23 percent

An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson - Copyright Lucy Nicholson(Reuters)

By Reuters

Published on 13/12/2018 - 22:34•Updated 19/04/2024 - 15:42

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(Reuters) - Adobe Systems Inc <ADBE.O> on Thursday reported a 22.8 percent rise in quarterly revenue, helped by higher subscriptions for its flagship Creative Cloud suite of software that includes Photoshop.

The San Jose, California-based company's net income rose to $678.2 million, or $1.37 per share, in the fourth quarter ended Nov. 30, from $501.5 million, or $1 per share, a year earlier.