Adobe Systems Inc. (ADBE) announced earnings for its first quarter that increased from last year.
The company's bottom line came in at $955 million, or $1.96 per share. This compares with $674 million, or $1.36 per share, in last year's first quarter.
Excluding items, Adobe Systems Inc. reported adjusted earnings of $1.11 billion or $2.27 per share for the period.
The company's revenue for the quarter rose 18.8% to $3.09 billion from $2.60 billion last year.
Adobe Systems Inc. earnings at a glance:
-Earnings (Q1): $1.11 Bln. vs. $1.12 Bln. last year.-EPS (Q1): $2.27 vs. $2.29 last year.-Revenue (Q1): $3.09 Bln vs. $2.60 Bln last year.
-Guidance:Next quarter EPS guidance: $2.35Next quarter revenue guidance: $3.175 Bln
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