BREAKING NEWS

Adobe's quarterly revenue surges 23 percent

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 -
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Lucy Nicholson(Reuters)
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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.

Total revenue rose to $2.46 billion from $2.01 billion.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by James Emmanuel)

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