Adobe Posts 4Q Sales Rise as Earnings Meet Expectations
16 Dezember 2021 - 2:52PM
Dow Jones News
By Matt Grossman
Adobe Inc. Thursday logged a rise in sales in the fiscal fourth
quarter, yielding a profit that was in line with analysts'
expectations.
The San Jose, Calif.-based software maker posted earnings of
$2.57 a share, down from $4.54 a share earlier. Net income declined
to $1.23 billion from $2.25 billion.
The company's income before taxes was higher in the latest
quarter, with negative tax effects pulling net income below last
year's fourth-quarter level.
Stripping out one-time items, Adobe's adjusted earnings were
$3.20 a share, in line with the expectations of analysts surveyed
in FactSet's poll.
Revenue grew to $4.11 billion from $3.42 billion in the year-ago
quarter. Analysts were expecting revenue of $4.09 billion.
Digital media revenue was $3.01 billion, up 21%. Digital
experience revenue rose 23% to $1.01 billion.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
December 16, 2021 08:37 ET (13:37 GMT)
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