Adobe’s quarterly revenue surges 23 percent

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Adobe Systems Inc on Thursday reported a 22.8 percent rise in quarterly revenue, helped by higher subscriptions for its flagship Creative Cloud suite of software that includes Photoshop.

The San Jose, California-based company’s net income rose to $678.2 million, or $1.37 per share, in the fourth quarter ended Nov. 30, from $501.5 million, or $1 per share, a year earlier.

Total revenue rose to $2.46 billion from $2.01 billion.

Reuters