By Denny Jacob

 

Adobe Inc. reported better-than-expected net income and revenue in the second quarter, the latest software company to post strong results against a backdrop of economic uncertainty that has hit technology companies in particular.

The software maker logged $1.18 billion in net income, or $2.49 a share, for the three months ended June 3, compared with $1.12 billion in net income, or $2.32 a share, a year earlier. Adjusted earnings were $3.35 a share. Analysts polled by FactSet expected $3.31 a share.

Revenue rose to $4.39 billion from $3.84 billion. Analysts polled by FactSet expected $4.34 billion.

Remaining performance obligations, a measure of future business that represents contracted revenue that hasn't been recognized, stood at $13.82 billion at the end of the quarter.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

June 16, 2022 16:37 ET (20:37 GMT)

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