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Adobe reports 3Q revenue records; continues drive to diversify

Adobe is a machine and the machine is running smoothly. At least that’s how it looks from the company’s third-quarter report. Adobe continues growing its base of users, which helps the company cinch up its ownership of a significant portion of creative users. The company reported 24% year over year growth with quarterly revenue of $2.29 billion. Digital Media grew ...

Kathleen Maher

Adobe is a machine and the machine is running smoothly. At least that’s how it looks from the company’s third-quarter report. Adobe continues growing its base of users, which helps the company cinch up its ownership of a significant portion of creative users. The company reported 24% year over year growth with quarterly revenue of $2.29 billion. Digital Media grew 21% to $1.61 billion, which is 70% of the company’s revenue. The company’s newer business Digital Experience, which was known as Digital Marketing and includes Adobe’s digital marketing and advertising business also grew 21% to $613 million. Adobe says it
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