Adobe Reports Record Revenue of $2.20 Billion for Q2 FY 2018
Representing a 24 percent increase year-over-year
Last week Adobe (NASDAQ: ADBE) reported record revenue of $2.20 billion, representing a 24 percent increase year-over-year, for the second quarter of fiscal year 2018 ended June 1, 2018. Subscription revenue represented $1.92 billion in revenue, compared to Product revenue of $151.0 million and Services and Support revenue of $121.2 million. Net income for the quarter was $663.2 million, or $1.33 diluted net income per share (GAAP).
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