Adobe Inc. (ADBE), a leading digital marketing and media solutions provider, reported a revenue and earnings beat in the second quarter of fiscal 2023. The company posted a record revenue of $4.82 billion, above $4.77 billion as expected by analysts. Its adjusted quarterly earnings totaled $3.91 per share, compared to the consensus estimate of $3.79 per share.
“Adobe achieved record Q2 revenue demonstrating strong demand across Creative Cloud, Document Cloud and Experience Cloud,” said Shantanu Narayen, ADBE’s chair and CEO. “Adobe’s ground-breaking innovation positions us to lead the new era of generative AI given our rich datasets, foundation models and ubiquitous product interfaces.”
