In the last quarter, Adobe achieved record revenue
Last week Adobe published a response for the third quarter of the 2017 financial year, ended it on September 1.
According to the manufacturer, the quarterly revenue was a record high — it amounted to 1.84 billion dollars. This is 26 percent more compared to the income of 1.46 billion dollars in the same period of the previous fiscal year.
Operating profit for the year increased by 48%, 55%. If you count non-GAAP, growth rates equal to 43% and 46%, respectively. In absolute terms, operating profit for the quarter was equal to 546 million dollars, net profit of 420 million dollars.
As at the end of the quarter, Adobe had 1,775 billion in cash and equivalents 3,594 billion dollars — in the form of short-term investments. The total value of all assets of the company exceeded 13.9 billion dollars. For comparison: a year ago this figure was equal to 12.7 billion dollars.