Adobe's quarterly revenue surges 23pc

Reuters | Published: December 14, 2018 13:38:24 | Updated: December 17, 2018 18:52:35

An Adobe Systems software box is seen in Los Angeles, California, US on March 13, 2017 — Reuters

Adobe Systems on Thursday reported a 22.8 per cent rise in quarterly revenue, helped by higher subscriptions for its flagship Creative Cloud suite of software that includes Photoshop.

The San Jose, California-based company’s net income rose to $678.2 million, or $1.37 per share, in the fourth quarter ended November 30, from $501.5 million, or $1 per share, a year earlier.

Total revenue rose to $2.46 billion from $2.01 billion.