Adobe Systems, Wall Street's target for earnings per share by 2 cents posted in-line revenue for its fiscal fourth quarter, ended November 27. Adobe earned 62 cents a share excluding items on sales of $1.31bn in fiscal Q4.
In Fiscal Quarter 1, it expects adjusted earnings per share of 56 to 62 cents or 59 cents at midpoint; it is targeting sales of $1.3bn to $1.35bn. "Adobe is driving digital experiences that are fundamental to transformation of every global brand, governmental, and educational institution."
Adobe has three cloud computing businesses: creative cloud, marketing cloud, and document cloud; creative cloud being the largest; marketing cloud provides online marketing and advertising services, and document cloud expands on Adobe's popular online document sharing product Acrobat and its ubiquitous PDF format...("Adobe Rises Late After Q4 Earning's Top Expectations"/Investor's Business Daily, December 11, 2015).