Adobe Announces Q1 2013: Revenues Were $1.008 Billion, EPS were $0.13

Posted on Mar 20 2013 - 1:54am by Editorial Staff

Adobe today announced its financial results for its first quarter of fiscal year 2013 ended March 1, 2013. The company reported the revenue of $1.008 billion, exceeding its targeted projected range of $950 million to $1 billion. The diluted earnings per share were $0.13 on a GAAP-basis, and $0.35 on a non-GAAP basis.

Operating income was $98.2 million and net income was $65.1 million on a GAAP basis. Operating income was $240.7 million and net income was $177.9 million on a non-GAAP basis. Adobe ended Q1 with 479,000 paid Creative Cloud members, an increase of 153,000 when compared to the number of members as of the end of Q4 fiscal year 2012. Adobe Marketing Cloud achieved quarterly revenue of $215.4 million.

“Creative Cloud is quickly becoming mainstream, with the overwhelming majority of Creative purchases on Adobe.com now being Creative Cloud subscriptions,” said Shantanu Narayen, president and chief executive officer, Adobe. “With Adobe Marketing Cloud, we are the partner of choice for Chief Marketing Officers as we help our customers migrate their businesses online.”

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