Thursday, 16 March 2023

Earnings: Adobe (ADBE) Q1 2023 profit, revenue increase

by Berkeley Lovelace

Design software maker Adobe Inc. (NASDAQ: ADBE) on Wednesday reported higher earnings and revenues for the first three months of fiscal 2023. The company also provided guidance for the second quarter.

Earnings: Adobe (ADBE) Q1 2023 profit, revenue increase

Earnings: Adobe (ADBE) Q1 2023 profit, revenue increase

First-quarter revenues came in at $4.66 billion, which is up 9% from the year-ago quarter. The top line benefited from strong growth at the core Digital Media business.

Adjusted net profit, excluding one-off items, rose to $3.80 per share from $3.37 per share last year. Unadjusted net income was $1.25 billion or $2.71 per share, compared to $1.27 billion or $2.66 per share in the first quarter of 2022.


Check this space to read management/analysts’ comments on Adobe’s Q1 results


“Adobe drove record Q1 revenue and we are raising our annual targets based on the tremendous market opportunity and continued confidence in our execution,” said Adobe’s CEO Shantanu Narayen.

Prior Performance

  • Adobe Q4 2022 earnings infographic
  • Adobe Q3 2022 earnings infographic
  • Adobe Q2 2022 earnings infographic

The post Earnings: Adobe (ADBE) Q1 2023 profit, revenue increase first appeared on AlphaStreet.

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