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00:02Adobe reported adjusted earnings of $5.96 per share and revenue of $6.62 billion for the second
00:10quarter, beating estimates of $5.82 per share and $6.46 billion, according to Benzinga Pro.
00:17Total revenue rose 13% year-over-year, as customer group subscription revenue climbed
00:2214% to $6.39 billion. The company reported $27.10 billion in total annualized recurring
00:30revenue, with AI First ARR tripling year-over-year to exceed $500 million.
00:36Adobe ended the quarter with $4.92 billion in cash and cash equivalents.
00:42The company raised full-year revenue guidance to a range of $26.50 billion to $26.60 billion
00:49and lifted full-year adjusted earnings guidance to a range of $24.35 to $24.45 per share.
00:56Shares fell 6.20% in after-hours trading to $205.24, according to Benzinga Pro.
01:03For all things money, visit Benzinga.com.
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