Adobe’s Q4 Earnings grew 23 percent

Adobe Systems Inc on December 13th announced its Q4 revenue earnings for this year at the company’s conference call. The Q4 income rose by 22.8 percent.

With the favorable earnings, the San Jose, California-based company’s total revenue for the fiscal year 2018 is $2.46 billion. Its 2017 earnings is $2.01 billion.

Zacks Investment Research Adobe Systems Inc
Credit, Zacks Investment Research

The boost in the revenue is due to the increase in the subscription of Adobe’s Creative Cloud suite which includes the popular Photoshop software.

Adobe Creative Suite

Adobe’s quarterly income grew to $678.2 million. That translated to $1.37 per share. The company’s Q4 revenue last year was $501.5 million which was $1 per share.

Source, Reuters

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