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Adobe posts 25% rise in quarterly revenue

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Adobe posts 25% rise in quarterly revenue
FILE PHOTO: An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson/File Photo   -   Copyright  Lucy Nicholson(Reuters)
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(Reuters) – Adobe Inc on Tuesday reported a 25% rise in quarterly revenue, driven by growth in its digital media business that houses its flagship product Creative Cloud.

The San Jose, California-based company’s revenue rose to $2.74 billion in the second quarter ended May 31, from $2.20 billion a year earlier.

Net income fell to $632.6 million, or $1.29 per share, in the quarter, from $663.2 million, or $1.33 per share.

(Reporting by Sayanti Chakraborty in Bengaluru; Editing by Maju Samuel)

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