Adobe Reports 25 Percent Revenue Growth in Q1 FY2019
Including strong growth in subscriptions
Adobe (NASDAQ: ADBE) reported record revenue of $2.60 billion for its first quarter of fiscal year 2019 for the period ended March 1, 2019, representing 25 percent growth compared to $2.08 billion in revenue for the same period last year. Subscription revenue showed significant growth at $2.30 billion, or 88.6 percent of total revenue, compared to $1.79 billion in the first quarter of fiscal year 2018. Product revenue was $170.5 million, and services and support revenue made up the remainder of revenue at $125.4 million.
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