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Adobe revenue $1 billion

Staff writer |
Adobe Systems Incorporated reported financial results for Q2 2013 ended May 31, 2013. Revenue was $1.011 billion, within its targeted range of $975 million to $1.025 billion.

Diluted earnings per share were $0.15 on a GAAP-basis, and $0.36 on a non-GAAP basis. Operating income was $111.3 million and net income was $76.5 million on a GAAP basis. Operating income was $247.3 million and net income was $182.9 million on a non-GAAP basis.

Adobe ended Q2 with 700 thousand paid Creative Cloud™ subscriptions, an increase of 221 thousand when compared to the number of subscriptions as of the end of Q1 fiscal year 2013.

Adobe Marketing Cloud quarterly revenue was $229.6 million, with bookings growth of greater than 25 percent.

"Our Q2 results reflect our leadership position in Digital Media and Digital Marketing. Creative Cloud is revolutionizing the creative process, and Adobe Marketing Cloud is quickly becoming the platform of choice for the world's leading brands, advertising agencies and media companies," said Shantanu Narayen, president and chief executive officer of Adobe.

"Adoption of Creative Cloud continued to accelerate and we drove strong Adobe Marketing Cloud bookings growth in Q2," said Mark Garrett, executive vice president and chief financial officer, Adobe.

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