Adobe Systems revenue rises 11 percent helped by subscriber additions

Reuters News
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Posted: Mar 17, 2015 4:15 PM

(Reuters) - Photoshop maker Adobe Systems Inc posted an 11 percent rise in quarterly revenue as it sold more subscriptions to its Creative Cloud suite.

The company's net income rose to $84.9 million, or 17 cents per share, in the first quarter ended Feb. 27, from $47 million, or 9 cents per share, a year earlier.

Revenue rose to $1.11 billion from $1 billion.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Simon Jennings)