Adobe announces a significant increase in profits in the third quarter




It announced that Adobe Systems on Thursday for a significant rise in the third quarter of the current year’s earnings, thanks to the rise of digital media revenues, the company revealed the existence of changes in the leadership, which included the head of the digital media.

Jumped software company Adobe on Friday after the company announced higher than expected third-quarter earnings on the back of subscriber growth in cloud computing services.

The company, which is headquartered in San Jose, California, reported that profits had reached in the third quarter of this year, $ 174.5 million, or 34 cents per share, compared with $ 44.7 million, or 9 cents per share for the same period last year, with revenue increasing by 21% to reach $ 1.22 billion.

And increased third-quarter profit due to growth in the number of subscribers in cloud computing services, Chief Executive Officer of Adobe Shantanu Narayen said that the company got 684.000 new common services in the cloud as individuals and teams and institutions accounts.

Marketing revenues amounted cloud in the third quarter to $ 368 million, as revenue increased by 27% over the same period last year.

Adobe has said it considers the stability of demand in all global markets hand, revenue from the Americas amounted to 57% of total revenue, while the percentage of Europe, Middle East and Africa amounted to 29%, and 14% from Asia.

The company also raised its outlook with respect to the fourth quarter of the current world, provided a look at the goals.

Adobe stated separately on the First Deputy Chairman of the company, David Eduana may leave the company, while will be Brian On the business of digital media containing the Creative Cloud Services and Adobe Document Cloud, it was On The work Document Cloud and the unity of development and technology companies, which played a prominent role in the success of Photoshop and Creative Suite, while Mark Garrett will add the Deputy Executive Director and Chief Financial Officer duties to the institutional development department which includes alliances with companies to his current responsibilities as Commander financial officer of the company and Adobe company’s operations strategy.


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