On Thursday evening in a quarterly report reflecting strong performance with record revenues, software publisher Adobe announced that it is raising its forecasts for this fiscal year.

It now expects adjusted EPS of $20.50 to $20.70 and revenue of between $23.50bn and $23.60bn, compared with annual target ranges of $20.20-20.50 and $23.30-23.55bn respectively three months ago.

In Q2 2024-25 (ended 31 May), Adobe posted adjusted (non-GAAP) EPS of $5.06 and adjusted operating profit of $2.67bn, up 12.9% and 9.5% y-o-y, respectively.

Revenue rose 11% (both total and on a constant currency basis) to a record $5.87bn, with the California-based group highlighting its innovation in artificial intelligence, in which it continues to invest.


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