In three months the company earned 2.29 billion dollars
Last week, Adobe released its quarterly report. As it turned out, the third quarter of 2018, which ended with Adobe on August 31, was a record – the company’s revenue reached an unprecedented value of 2.29 billion dollars.
According to the manufacturer, this figure is 24% more than the income received in the third quarter of 2017.
Segment Digital Media brought Adobe $ 1.61 billion, of which Creative’s products – $ 1.36 billion, and Document Cloud – $ 249 million.
Operating profit for the year increased by 32%, net profit – by 59%. In the non-GAAP calculation, net income growth is slightly less – 57%.
During the quarter, the company repurchased 2.9 million of its shares, returning to shareholders $ 714 million