Digital Media segment revenue was $1.14 billion, with record Creative revenue growing to $942 million. Q3 FY2017 earnings press release.
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Following strong fiscal second-quarter earnings, its share price was up 3.61% in the after-hours trading session.
Management expects growth to be fueled by three initiatives -- by migrating the Creative Suite installed base, drawing new clients and driving ARPU higher through cloud services like Adobe Stock. Some other favorably placed stocks in the broader technology sector include KLA-Tencor KLA-Tencor delivered a positive earnings surprise of 11.55%, on average, in the last four quarters.Applied Materials delivered a positive earnings surprise of 3.35%, on average, in the trailing four quarters.Advanced Energy Industries, Inc. delivered a positive earnings surprise of 10.46%, on average, in the trailing four quarters.While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services.
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Fiscal year is December-November. As a result, adjusted operating margin was 30.5%, up 45 basis points (bps) sequentially and 355 bps year over year.On a GAAP basis, Adobe recorded net income of $374.4 million (75 cents per share) compared with $244.1 million (48 cents per share) in the year-ago quarter.On a pro forma basis, Adobe generated net income of $405.3 million compared with $277.6 in the year-ago quarter.Adobe ended the fiscal second quarter with cash and investments balance of $4.93 billion compared with $4.65 billion in the previous quarter. US Markets
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Topics Moreover, the solid adoption of Document Cloud, a new subscription package that enables users to sign documents on the cloud, should boost revenues.In December, the software giant completed its acquisition of TubeMogul, a video advertising platform for $540 million, net of cash and debt. As a percentage of sales, research & development expenses increased, while general & administrative and sales & marketing expenses decreased from the year-ago quarter.
Adobe (ADBE) Beats Earnings and Revenue Estimates in Q2 Nasdaq Data
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