Adobe added 221000 paid subscribers to Creative Cloud Service

06:08:00
Acrobat software came out with strong result beating market expectation. Company Creative Cloud service witnessed strong growth with 221000 new subscription in second quarter taking total subscription to 700000.
Adobe launched their web-based subscription service last year for their flagship software package to other than Licensing model. The huge growth in subscription service received positively by investors and stock is more than 5% in pre- market. Revenue matched analyst expectation of $1.01 compared to $1.12 Bn in YoY quarter.

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