Company Report

Adobe record quarterly revenue represents 14 percent year-over-year growth

Adobe (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year ended Nov. 27, 2020. In its fourth quarter of the fiscal year 2020, Adobe achieved record quarterly revenue of $3.42 billion, which represents 14 percent year-over-year growth. In the fiscal year 2020, Adobe achieved a record annual revenue of $12.87 billion, which represents 15 percent year-over-year growth.

Adobe achieved a record quarterly revenue of $3.42 billion in its fourth quarter of the fiscal year 2020, which represents 14 percent year-over-year growth. Diluted earnings per share were $4.64 on a GAAP basis, and $2.81 on a non-GAAP basis.

The company reported annual GAAP diluted earnings per share of $10.83 and non-GAAP diluted earnings per share of $10.10.

Source: www.adobe.com

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