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Adobe experiences larger Q3 income and earnings; outcomes beat estimates

by Index Investing News
September 13, 2024
in Markets
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Design software program maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported a rise in third-quarter 2024 income and earnings. The outcomes additionally topped expectations.

Adobe experiences larger Q3 income and earnings; outcomes beat estimates

Third-quarter revenues got here in at $5.41 billion, which is up 11% from the year-ago quarter. The highest line benefited from sturdy development within the Digital Media and Digital Experiences companies.

Adjusted web revenue, excluding one-off gadgets, rose to $4.65 per share in Q3 from $4.09 per share final 12 months. Unadjusted web revenue was $1.68 billion or $3.76 per share within the August quarter, in comparison with $1.40 billion or $3.05 per share within the third quarter of 2023.

“Adobe’s document Q3 efficiency is a testomony to our relentless innovation and dedication to delivering worth to our clients. With groundbreaking developments in AI throughout Artistic Cloud, Doc Cloud, and Expertise Cloud, we’re empowering tens of millions of customers worldwide,” stated Adobe’s CEO Shantanu Narayen.

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