Adobe (ADBE) this afternoon reported fiscal Q2 revenue and profit per share ever so slightly ahead of consensus, but forecast the current quarter’s revenue and profit below the average estimate.
Revenue in the three months ended June 1st rose 10%, year over year, to $1.124 billion, yielding EPS of 60 cents, excluding some costs.
Analysts on average were expecting $1.108 billion and 59 cents a share.
CEO Shantanu Narayen remarked of the quarter’s results, “Our strong Q2 results were driven by the successful launch of Creative Cloud and Creative Suite 6, strong Acrobat revenue and 35 percent year-over-year revenue growth in our Digital Marketing Suite business. These results demonstrate our leadership in the Digital Media and Digital Marketing markets.�
For the current quarter, the company sees revenue in a range of $1.075 billion to $1.125 billion, and EPS of 56 cents to 61 cents, on a non-GAAP basis.
Analysts have been modeling $1.13 billion and 61 cents.
For the full year, the company is narrowing its revenue growth outlook to a range of 6% to 7% from a prior range that spanned 6% to 8%. That compares to the average Street estimate for 6.7% growth this year.
Adobe management will hold a conference call with analysts at 5 pm, Eastern time, it said, with details available here.
Adobe shares are down $1.05, or 3.5%, at $31.84 in late trading.
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