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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Adobe Inc | NASDAQ:ADBE | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -4.01 | -0.85% | 469.17 | 469.07 | 469.31 | 476.58 | 468.6401 | 476.54 | 362,909 | 15:05:27 |
From Apr 2022 to Apr 2024
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)
Copyright (c) 2022 Dow Jones & Company, Inc.
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