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Adobe’s quarterly revenue surges 23 per cent

An Adobe Systems Inc software box is to see in Los Angeles, California, USA, March 13, 2017. REUTERS/Lucy Nicholson

(Reuters) – Adobe Systems Inc on Thursday reported a 22.8 percent rise in quarterly revenue, helped by higher subscriptions for the flagship of the Creative Cloud suite of software that comes with Photoshop.

The San Jose, California-based company’s net profit rose to $678.2 million, or $1.37 per share, in the fourth quarter ended Nov. 30, from $501.5 million, or $1 per share, a year earlier.

The total sales rose to $2.46 billion from $2.01 billion.

Reporting by Vibhuti Sharma in Bengaluru; Editing by James Emmanuel

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