Adobe beats profit expectations, mulls subscription changes
Adobe Systems beat analysts' profitability expectations by 3 cents per share in the second fiscal quarter, ratcheted its Creative Cloud subscriber total up 221,000 to 700,000, and is considering new measures to mollify those who don't like the subscriptions, the company said Tuesday.
For the company's fiscal second quarter, which ended May 31, the company reported net income of 36 cents per share on a non-GAAP basis that excludes various charges, a notch better than the 33 cents average expectation of analysts surveyed by Thomson Reuters. Using generally accepted accounting principles, the company's net income … Read more