Adobe revenue climbs 25% to $2.60 billion in Q1 2019

Must Read

A Balancing Act: Personal Data Protection Bill gives more power to govt, data can be processed abroad

The Personal Data Protection Bill is likely to water-down many suggestions of draft Bill prepared by the Justice BN Srikrishna.

Over 50% candidates with Hindi, regional languages clears UPSC civil service exam in 2018

In 2018, a total of 812 candidates were recommended for central civil services, among them 485 candidates were those who had chosen Hindi or other regional languages as mother tongue

Modi govt to amend IT Act to trace rogue messages on WhatsApp

The Union government said that to trace rogue messages on platforms such as , it has proposed to amend the Information Technology (Intermediaries Guidelines) Rules, 2011 of the IT Act, 2000
Tech Observer Desk
Tech Observer Desk
TechObserver.in covers e-governance, enterprise IT, startups, telecom and consumer electronics.

Enterprise software maker Systems said that its revenue in first quarter of fiscal year 2019 rose 25% to $2.60 billion from $2.08 billion last year. The company attributed the growth to strong revenue in its cloud business.

segment revenue was $1.78 billion, with Creative revenue growing to $1.49 billion and achieving revenue of $282 million. Overall in the first quarter, the Photoshop maker reported profit of $674.24 million from $583.08 million last year.

In segment-wise, the Digital Media business witness a growth of 22%, Digital Experience business grew 34% and Publishing business saw the growth of 26% in the Q1 of 2019.

In terms of region, the Americas with $1510 million surge 29%, EMEA with $703 million gain 20% and Asia saw the growth of 21% leading to $388 million revenue.

“We’re off to a strong start in fiscal 2019, with record revenue, strong earnings and more than $1 billion of operating cash flow in our first quarter,” said John Murphy, executive vice president and CFO, Adobe.

Since 2012, Adobe has been focusing on cloud based subscriptions to boost revenue. Its software as a service offering gives users access to a range of its software, for a monthly or annual subscription. Customers prefer the cloud route instead of buying individual products and software suites for a licensee fee, said the company.

“Adobe is fueling the creative economy, driving the paper-to-digital revolution and enabling businesses to transform through our leadership in customer experience management,” said Shantanu Narayen, president and CEO, Adobe. “Our results in Q1 reflect continued momentum across Adobe Creative Cloud, Document Cloud and Experience Cloud.”

- Advertisement -
avatar
1000
  Subscribe  
Notify of
- Advertisement -

Latest in TECH

Modi govt mulling to bring national level blockchain framework

While replying to question in the Lok Sabha, the Union minister of state for electronics and IT Sanjay Dhotre said that an approach paper on National Level Blockchain Framework is being prepared
- Advertisement - ESDS eNight Cloud Hosting

Related Articles