InvestorGreg.net is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. That's how we make money. This compensation may impact how, where and in what order products appear. InvestorGreg.net does not include all companies or all available products. We will never allow advertisers to influence our opinion of financial products that appear on this site.
Adobe Hit a Record for Revenue. The company earned $9 billion for the year
Adobe, the American developer of computer software, achieved maximal results for revenue for the whole its history. The company made an income of $2.5 billion for the last quarter and $9 billion for the financial year.
Adobe’s quarter income grew by 23% compared to the same period last year and reached a record of $2.46 billion. Following the results of the entire 2018 financial year, the revenue was record as well. Compared to the 2017 financial year, it grew by 24% and reached $9.03 billion, as Photoshop’s founder announced.
Adobe’s net profit on a year-to-year basis increased by 35% and amounted to $678.2 million. The company’s net income per share reached $1.37. And the adjusted net income per share amounted to $1.87, by one cent less than Wall Street analysts’ expectations. However, investors were not too upset, as the shares jumped at a price by 3% immediately after releasing the report.
Recommended Financial Products
Suggested For You
Most Popular News
- Ranking of the Most Profitable Companies in 2018
- Virus in China Hit Global Financial Markets
- Robinhood Provided the Opportunity to Buy Fractional Shares
- Evaluation of Levi’s, a Jeans Manufacturer, During the IPO Reaches $6.6 Billion
- Boeing shares continue to fall against the background of the suspention on flying of 737 Max