In the past quarter, Adobe's revenue was a record

27 June 2017, 08:50 | Technologies
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Adobe reported for the second quarter of fiscal year 2017, which ended on June 3.

During the reporting period, revenue was 1.77 billion dollars, which is a record high. In the second quarter of the previous fiscal year, the revenue was $ 1.4 billion.

Operating profit for the year increased from $ 344 million to $ 504 million. Net profit for the quarter ended up at $ 374 million. For comparison: a year ago this figure was equal to 244 million dollars.

As of the end of the quarter, Adobe had $ 1.317 billion in cash and cash equivalents. Another $ 3.164 billion accounted for short-term investments. In general, the company's assets are estimated at $ 13.36 billion.




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