News |Adobe posts its highest-ever revenue

Adobe posts its highest-ever revenue

Adobe adds new features to Lightroom CC, Mobile and Adobe Camera Raw

Adobe has announced revenue of $1.77 billion in the second quarter of 2017, its highest-ever quarterly total.

Much of the growth has come from Creative Cloud and Document Cloud, which generated $4.56 billion over the quarter, an increase of $312 million.

Digital Media segment revenue was $1.21 billion, with Creative revenue growing to a record $1.01 billion, Adobe said.

The company repurchased approximately 2 million shares during the quarter, returning $266 million of cash to stockholders.

“Adobe continues to execute well, with another quarter of record revenue and operating profit in Q2,” said Mark Garrett, executive vice president and CFO, Adobe. “We’re excited about the strong business momentum we have as we enter the second half of fiscal 2017 and remain confident in our ability to drive strong revenue and earnings growth in the future.”

Via Canon Rumors

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