Adobe turns it up to 11, surpassing $11B in revenue

Adobe turns it up to 11, surpassing $11B in revenue

5 years ago
Anonymous $4bURcB5AtU

https://techcrunch.com/2019/12/13/adobe-turns-it-up-to-11-surpassing-11b-in-revenue/

Yesterday, Adobe submitted its quarterly earnings report and the results were quite good. The company generated a tad under $3 billion for the quarter at $2.99 billion, and reported that revenue exceeded $11 billion for FY 2019, its highest ever mark.

“Fiscal 2019 was a phenomenal year for Adobe as we exceeded $11 billion in revenue, a significant milestone for the company. Our record revenue and EPS performance in 2019 makes us one of the largest, most diversified, and profitable software companies in the world. Total Adobe revenue was $11.17 billion in FY 2019, which represents 24% annual growth,” Adobe CEO Shantanu Narayen told analysts and reporters in his company’s post-earnings call.

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