Adobe Reports Record Quarterly Revenue of $2.29 Billion
Company continues to exceed expectations as it continues its transition to the subscription model
Adobe’s transition to the subscription model continues to be successful, as the SaaS company reports record revenue for the third quarter of its fiscal year 2018, ended August 31, 2018. Adobe (NASDAQ: ADBE) earned $2.29 billion in quarterly revenue, a 24 percent increase over the same period the prior year. Subscription revenue of $2.02 billion represented 88.2 percent of total revenue. Revenue from products and services and support made up the remainder.
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