REUTERS: Adobe Inc beat Wall Street estimates for quarterly revenue on Tuesday, boosted by a rise in subscriptions in its digital media business that includes image editing software Photoshop.
Revenue rose 24per cent to US$2.83 billion in the third quarter ended Aug.30, beating analysts' average estimate of US$2.82 billion, according to IBES data from Refinitiv.Net income rose to US$792.8 million, or US$1.61 per share, from US$666.3 million, or US$1.34 per share, a year earlier.
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