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12/16/2021, 10:02 PM (Source: TeleTrader)
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Adobe's Q4 revenue up by 20% YoY to $4.11 billion

Adobe Inc. announced on Thursday its revenue in the fourth quarter of the year observed an annual rise of 20% to $4.11 billion. In the entire fiscal year 2021, the company's revenue went up by 23% year-on-year to $15.79 billion. In the fourth quarter, its net income came in at $1.23 billion, a decline of 45% in contrast with the fourth trimester in 2020. Its diluted earnings per share (EPS) stood at $2.57 per share, going down by 44% in comparison to the same period last year.

"Adobe's record performance in Q4 resulted in fiscal 2021 revenue exceeding $15 billion," the firm's Chairman and Chief Executive Officer (CEO) Shantanu Narayen commented. "Adobe's vision, category leadership, ground-breaking technology and large and loyal customer base position us well for fiscal 2022 and beyond."

Following the release of the report, Adobe's shares rose by 0.16% in the after-hours trading.

Baha Breaking News (BBN) / JR