12/15/2022, 10:07 PM (Source: TeleTrader)
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Adobe's 2022 revenue sets new record at $17.6B

Adobe Inc. said on Thursday that its revenue annually rose 10% in the fourth fiscal quarter of 2022 to reach $4.53 billion, with net income sliding by nearly 5% to $1.18 billion or diluted earnings per share of $2.53.

The annual figures showed revenue soaring to $17.6 billion and operating income climbing to $6.1 billion. "Adobe drove record revenue and operating income in fiscal 2022. Our market opportunity, unparalleled innovation, operational rigor and exceptional talent position us well to drive our next decade of growth," CEO Shantanu Narayen noted.

Adobe's stock surged 5% in after-hours trading following the better-than-expected earnings announcement.

Baha Breaking News (BBN) / ND