Adobe Posts Subscription Revenue of $1.38 Billion for Q1 FY2017
Last Thursday Adobe (NASDAQ: ADBE) reported its first quarter fiscal year 2017 results for the period ended March 3, 2017, achieving record results for revenue, profit and cash flow. Motley Fool calls the quarter Adobe’s “best-ever.” Quarterly revenue was $1.68 billion, an increase of $298.3 million year-over-year. Subscription revenue for the first quarter was $1.38 billion, an increase of $313.6 million year-over-year.
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