Adobe reported $1.31 billion in revenue and earnings per share of $0.62 for the quarter. Analysts expected Adobe to report revenues of $1.31 billion (hit that) and $0.60 earnings per share (surpassed it). In regular trading today, Adobe was down by about half a percent. After the bell, Adobe popped by more than 4 percent. Adobe’s Marketing Cloud revenue came in at $352 million this quarter, up from $330 million year over year.
Last quarter was a busy one for Adobe. In November the company’s stock hit a 52-week high — even after it released disappointing 2016 guidance. On the product side, Adobe rebranded its flagship animation tool this month, released its first video editor for Android in November, and debuted a host of new apps and updates during the Max conference for creatives in October.
Overall, we’re looking at a strong quarter for Adobe — noteworthy growth for Creative Cloud, nothing totally mind-blowing happening elsewhere, but also few downsides.
For the full fiscal 2015 year, Adobe reported $4.80 billion in revenue and earnings of $2.08 per share.
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