Adobe Reported Its Strongest Quarterly Revenue to Date, Cites Its Cloud Offerings As Top Performers

Picture of tablet with Adobe logo

Source: Dreamstime

Reading time: two minutes

On Thursday, July 11th, Adobe announced that it had beaten its previous quarterly income record by generating $3.13 billion in revenue, or a 14% year-over-year growth.

Here is a more detailed breakdown of the computer software company’s earnings for its second fiscal quarter of 2020:


GAAP earnings per share: $2.27

GAAP net income: $1.10 billion

GAAP operating income: $1.02 billion

Cash flows from operations: $1.18 billion

Digital Media segment revenue: $2.23 billion (18% y/y growth)

Document Cloud segment revenue: $360 million

Digital experience segment revenue: $826 million (5% y/y growth)

Digital experience subscription revenue: $707 million (8% y/y growth)

Repurchased shares: approximately 2.6 million during the quarter


Adobe also shared that, in light of the pandemic, it significantly accelerated its previously mentioned strategy of removing low-margin and transaction-based Advertising Cloud offerings—a decision that is estimated to have impacted the company’s second-quarter revenue by close to $50 million. As for what’s coming next, Adobe expects its third fiscal quarter to bring $3.15 billion in total revenue and close to $1.78 GAAP earnings per share.

Upcoming earnings reports

See the full list of upcoming earnings reports for 15 – 19 June in the tables below.

Monday, 15 June 2020

Country of originCompany nameFiscal period
IndiaTata Motors LtdFourth quarter of 2020
United KingdomEdinburgh Investment Trust PlcFull year 2019
United KingdomMitchells & Butlers PlcHalf year 2020
United KingdomBerkeley Group Holdings PlcFull year 2019

Tuesday, 16 June 2020

Country of originCompany nameFiscal period
BelgiumEtablissementen Franz Colruyt NVFull year 2020
United KingdomAshtead Group PlcFourth quarter of 2020
GermanyWirecard AGFirst quarter of 2020

Wednesday, 17 June 2020

Country of originCompany nameFiscal period
USAABM Industries IncSecond quarter of 2020
USAProgressive CorpReport for May 2020
United KingdomSSE PlcFull year 2020
United KingdomKingfisher PlcFull year 2019
USAOracle CorpFourth quarter of 2020

Thursday, 18 June 2020

Country of originCompany nameFiscal period
USAKroger CoFirst quarter of 2020
Great BritainCarnival PlcSecond quarter of 2020
USACarnival CorpSecond quarter of 2020
United KingdomNational Grid PlcFull year 2020
GermanyWirecard AGFourth quarter of 2019


Looking to trade on the global markets, but have little or no experience? Open a demo account in Delta Trading and test your boldest strategies in a real market environment, without the risk of losing real funds.

Posted in Market news and tagged , , .

Leave a Reply