Adobe has significantly increased revenue and profit
Adobe reported for the first quarter of the 2017 financial year, which ended for her on March 3.
Adobe announces record revenue of $ 1.68 billion dollars, which is 22% higher than a year ago. The lion’s share of revenue (1.38 billion dollars) was accounted for by subscription. At the moment the company has more than 4.2 million subscribers, but from the report it is impossible to know which Adobe products are most in demand.
Operating revenues for the quarter amounted to 469 million dollars, while a year earlier it amounted to 308 million Net profit for the year increased from 254 million to 399 million dollars. After the publication of the report, shares of Adobe rose in price on 3%.