Design software program maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported a rise in third-quarter 2024 income and earnings. The outcomes additionally topped expectations.
Third-quarter revenues got here in at $5.41 billion, which is up 11% from the year-ago quarter. The highest line benefited from sturdy progress within the Digital Media and Digital Experiences companies.
Adjusted web revenue, excluding one-off gadgets, rose to $4.65 per share in Q3 from $4.09 per share final 12 months. Unadjusted web earnings was $1.68 billion or $3.76 per share within the August quarter, in comparison with $1.40 billion or $3.05 per share within the third quarter of 2023.
“Adobe’s record Q3 performance is a testament to our relentless innovation and commitment to delivering value to our customers. With groundbreaking advancements in AI across Creative Cloud, Document Cloud, and Experience Cloud, we are empowering millions of users worldwide,” stated Adobe’s CEO Shantanu Narayen.
