Categories AlphaGraphs, Earnings, Technology
Earnings: Adobe (ADBE) Q1 2023 profit, revenue increase
Design software maker Adobe Inc. (NASDAQ: ADBE) on Wednesday reported higher earnings and revenues for the first three months of fiscal 2023. The company also provided guidance for the second quarter.
First-quarter revenues came in at $4.66 billion, which is up 9% from the year-ago quarter. The top line benefited from strong growth at the core Digital Media business.
Adjusted net profit, excluding one-off items, rose to $3.80 per share from $3.37 per share last year. Unadjusted net income was $1.25 billion or $2.71 per share, compared to $1.27 billion or $2.66 per share in the first quarter of 2022.
Check this space to read management/analysts’ comments on Adobe’s Q1 results
“Adobe drove record Q1 revenue and we are raising our annual targets based on the tremendous market opportunity and continued confidence in our execution,” said Adobe’s CEO Shantanu Narayen.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings