Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Adobe: The Poster Child for the Subscription Economy

Video Credit: The Street - Duration: 01:34s - Published < > Embed
Adobe: The Poster Child for the Subscription Economy

Adobe: The Poster Child for the Subscription Economy

Adobe is Real Money's Stock of the Day.

The computer software company released earnings Tuesday, June 18th, after the market close and beat on both the top and bottom line.

Aided by its cloud subscription services and digital media sales, revenue was $2.74 billion versus a $2.7 billion consensus, while earnings per share of $1.83 outpaced expectations of $1.78 per share.

RELATED: Adobe Is a Compelling Growth Story at a Reasonable Price However, working to offset the strong fiscal second quarter performance, the company provided guidance that came up short versus expectations, forecast earnings per share of $1.95 versus a $2.05 consensus.

That said, management did boost their near-term profit outlook following a partnership agreement with Microsoft.

While shares did not react much to the release yesterday, the optimistic outlook offered by management in the earnings call is carrying shares upward, especially as integration of its product suite aided by major acquisitions of Magento and Marketo across industries offers significant opportunity.

Get over to for in-depth coverage of Adobe's Microsoft tie up, the look ahead for cloud adoption, competition, trade impacts, and more.


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.