Pages Menu
Categories Menu

Posted by on Jun 19, 2013 in Companies |

Adobe reports earnings for $ 247 million in the last quarter

Adobe reports earnings for $ 247 million in the last quarter

Today, presented its financial results for the last three months of 2013, revealing that align with profits expected by economists, despite the uncertainty generated by the launch of a new business model where they sell their software through online subscription, forcing the monthly payment of for access to programs.

I seen were total of the order of USD $ 1,011 million, from which we extracted net profits directly into the pockets of USD $ 247 billion, agreeing precisely with the expectations of analysts and Wall Street economists had already predicted this rise, the it also means a rise of USD $ 0.36 for each share of Adobe that is listed on the stock exchange.

In addition, it was reported that to date there are already over 700,000 subscribers service company, although just yesterday became available major Creative Suite applications under this new business model periodic payment for the license. In this sense, most users opted for annual payment plan (92%), instead of choosing the monthly cancellation system is slightly more expensive.

Link: Adobe’s Q2 Earnings Beat Street With $ 1.011B In Revenue, $ 0.36 EPS, 700K Paying Subscribers Creative Cloud (TechCrunch)

Tags: , , , , , ,