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Adobe’s latest numbers are in

23 March 2022 By Klavs Valters

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Adobe Inc. reported its financial results for fiscal first quarter 2022 after the closing bell on Wall Street on Tuesday.

The American software company reported revenue of $4.262 billion in the quarter (9% increase year-over-year), slightly beating analyst forecast of $4.241 billion.

Earnings per share reported at $3.37 per share in the Q1 vs. $3.34 per share expected.

”Adobe achieved record Q1 revenue as Creative Cloud, Document Cloud and Experience Cloud continue to be pivotal in driving the digital economy,” said Shantanu Narayen, chairman and CEO of Adobe after the latest financial results were announced.

”Adobe is committed to empowering individuals, transforming businesses and connecting communities,” Narayen added.

Dan Durn, Executive Vice President and CFO of the company also commented on the results: ”Adobe’s Q1 results reflect the company’s strong execution and resilience through unprecedented circumstances.”

”Our momentum, product innovation and immense market opportunity position us for success in 2022 and beyond,” he added.

Adobe Inc. chart

Adobe shares ended day higher on Tuesday, up by 2.84% at $466.23 per share. Shares fell by around 2% in the after-hours trading following the latest results.

Here is how the stock has performed in the past year –

  • 1 Month: +6.40%
  • 3 Month: -16.33%
  • Year-to-date: -17.74%
  • 1 Year: +1.36%

Adobe is the 45th largest company in the world with a market cap of $221.36 billion.

You can trade Adobe Inc. (ADBE) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: Adobe In., TradingView, MetaTrader 5, CompaniesMarketCap

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