Adobe’s Last Quarter Earnings And Revenue were Better than Expected
Adobe Earnings for the second fiscal quarter ended June 4 increased by 1.5% to $1.12 billion, with diluted earnings per share of $2.32 and adjusted earnings per share of $3.03, better than the market expected. Revenue rose by 22.6% to US$3.84 billion, which also exceeded market expectations.
Unrealized contract revenue, which measures Adobe’s future business performance, reached US$12.23 billion at the end of the second quarter, an increase of 23% over the same period last year, due to strong market demand for Adobe’s PDF and electronic signature services, Adobe Sign, etc. during the epidemic.