Adobe (ADBE) Q1 Earnings & Revenues Beat Estimates, Rise Y/Y

Adobe Inc. (ADBE) released first-quarter fiscal 2024 non-GAAP earnings of $4.48 per share, beating the Zacks Consensus Estimate by 2.3%. The figure improved 17.9% on a year-over-year basis.Total revenues were $5.18 billion, which beat the Zacks Consensus Estimate of $5.13 billion. The figure grew 11% on a reported basis and 12% on a constant-currency basis from the year-ago quarter.Top-line growth was driven by the strong performances of Adobe Creative Cloud, Document Cloud and Experience Cloud. Acceleratin ...