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Adobe just reported a 24 percent jump in quarterly revenue, thanks to its digital media business

5 monthes ago   |   By Business Insider

Rick Wilking/Reuters
Adobe's fiscal Q2 r evenue rose from $1.77 billion to $2.2 billion.
The company's net income also increased from $374.4 million last year to $663.2 million in the second quarter.
Adobe Systems topped analysts' profit and revenue estimates for the eighth straight quarter driven by strength in its digital media business, which houses its flagship product Creative Cloud.
Adobe's shares, which have gained over 47 percent so far this year, fell 3.5 percent at $249 in extended trading after the company forecast third-quarter revenue nearly in line with estimates. See the...
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