Adobe Reports 20 Percent Revenue Growth for Fiscal Q2 2016
Last week Adobe (NASDAQ: ADBE) reported impressive financials for the second quarter of fiscal year 2016, which ended June 3. At the top of the highlights was record quarterly revenue of $1.4 billion, representing a year-over-year increase of 20 percent. Additional highlights include subscription revenue of $1.1 billion, a 40 percent year-over-year increase, and huge gains in year-over-year operating and net income. But investors still aren’t happy, driving stock down after the earnings report.
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