Adobe's Growth In Digital Innovations
Jennifer Lynn | Jun 13, 2013 11:47AM ET
Adobe Systems Incorporated (IDC , Apple’s iPad is leading the competition with 22.9 million units shipped in the fourth quarter of 2012.
Adobe reported last month its financial results for FY 2013 which ended March 1, 2013. Adobe achieved revenue of $1.008 billion, exceeding its targeted range of $950 million to $1 billion. Diluted earnings per share were $0.13 on a GAAP-basis, and $0.35 on a non-GAAP basis. Operating income was $98.2 million and net income, $65.1 million on a GAAP basis. Cash flow from operations was $322.0 million. Deferred revenue grew by $80.5 million to $700.0 million.
Investors should continue to watch for Adobe’s long-term investments in digital marketing. The company is a worldwide leader in digital that continues to evolve in its new digital investments, partnerships, product offerings, innovations and competitive strategies. Adobe’s stock has been trading at near all-time highs. Adobe has spent $800 million on acquisitions since Omniture. Revenues are stable and ongoing. Adobe Marketing Cloud has achieved record quarterly revenue of $220.4 million in 2012, which represents 32 percent year-over-year growth. The company has had solid stock price performance, operations and growing profit margins. Adobe is a technology stock to buy.
Adobe operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.