Graphic design and media software company Adobe Systems floated above Wall Street’s fiscal fourth-quarter targets late Thursday, reporting better-than-expected sales and earnings thanks to its Internet cloud businesses. San Jose, Calif.-based Adobe Systems (ADBE) earned 36 cents a share excluding items on sales of $1.07 billion. Analysts polled by Thomson Reuters were expecting 30 cents and $1.06 billion. On a year-over-year basis, EPS rose 13%
Adobe Systems is expected to show improving sales growth and profitability when it reports fiscal fourth-quarter earnings after the market close Thursday. The maker of software for graphic design and media creation is midway through its business transformation from desktop software to cloud computing. Sales and profits have taken a hit over the last two years as Adobe (ADBE) moved its business from buy-upfront perpetual license software to
Adobe Systems is expected to show improving sales growth and profitability when it reports fiscal fourth-quarter earnings after the market close Thursday. The maker of software for graphic design and media creation is midway through its business transformation from desktop software to cloud computing. Sales and profits have taken a hit over the last two years as Adobe (ADBE) moved its business from buy-upfront perpetual license software to