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1q21 Revenue $3.9 billion, a record year-on-year growth of 26% From Adobe

The following is the 1q21 Revenue $3.9 billion, a record year-on-year growth of 26% From Adobe recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, Network software.

On March 24, 2021, adobe, a multinational computer software company, announced its financial results for the first quarter ending March 5. According to the report, Adobe’s revenue was $3.905 billion, the latest record in the company’s history, an increase of 26% compared with $3.091 billion in the same period last year, and its net profit was $1.261 billion, an increase of 32% compared with the same period last year.

According to business divisions, Adobe’s subscription revenue in the first quarter was $3.584 billion, compared with $2.732 billion in the same period last year; its product revenue was $155 million, compared with $143 million in the same period last year; and its service and other business revenue was $166 million, compared with $216 million in the same period last year.

Adobe’s gross profit in the first quarter was $3.458 billion, compared with $2.639 billion in the same period last year. Adobe’s first quarter operating profit was $1.454 billion, compared with $937 million in the same period last year.

Adobe estimates that the company’s revenue in the second quarter of fiscal 2021 will reach about $3.72 billion, of which the revenue of digital media department will increase by about 21% year on year, the revenue of digital experience department will increase by about 18%, the revenue of digital experience subscription will increase by about 20% year on year, and the annual recurrent revenue of new digital media will reach about $450 million.

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