Adobe released the company's 2017 - fiscal fourth - quarter earnings on Thursday. Financial reports show that Adobe's fourth quarter revenue has reached 2 billion 10 million U.S. dollars in the company's record, up 25% over the same period last year, and net profit is 502 million dollars, up 26% from the same period last year's 4 US dollars.
In the fourth quarter of December 1st, Adobe revenue was $2 billion 10 million, up 25% from $1 billion 610 million in the same period of the same period of last year. The operating profit of the Adobe fourth quarter was $649 million, up 37% from $472 million in the same period of the same period of last year. The net profit of the Adobe fourth quarter was $502 million, up 26% from $4 in the same period of the same period of last year. The Adobe diluted earnings per share in the fourth quarter were $1, up from $0.80 in the same period of the previous year.
The earnings per share in the Adobe fourth quarter were $1.26 per share, according to the US general accounting standards. The Adobe fourth quarter results were better than the market expectations. According to a survey by Townsend Reuters, the market analysts had expected that they did not comply with GAAP. Adobe's fourth quarter earnings per share were $1.16 and revenue was 1 billion 950 million dollars.
Are divided according to business, a subscription to Adobe's fourth quarter revenue of $1 billion 696 million, $1 billion 262 million higher than the same period last year; the product revenue of $193 million, $221 million less than the previous year; service and support revenue of $118 million, $124 million lower than the same period last year.
The Adobe fourth quarter operating expenditure was $1 billion 86 million, up from $920 million in the same period of the previous year. Of which, R & D expenditure is 324 million yuan, higher than the 258 million yuan in the same period last year, sales and marketing expenditure is 574 million dollars, higher than the same period last year's 495 million dollars, general affairs and administrative expenditure is 170 million dollars, higher than the 148 million yuan in the same period last year.
In the 2017 fiscal year, Adobe revenue was 7 billion 301 million yuan, which was 5 billion 854 million yuan higher than that of the same period last year. Adobe's operating profit is 2 billion 168 million yuan, which is higher than that of last year's 1 billion 494 million US dollars. Net profit is 1 billion 694 million US dollars, and the diluted earnings per share is 3.43 dollars.
Adobe shares fell $1.83 on Thursday in the Nasdaq stock market, down 1.38% to $176.59. In the subsequent after trading, Adobe shares rose $2.85, or 1.63%, to close at $177.85. In the past 52 weeks, Adobe's lowest share price was $101.91, with the highest share price of $186.27. According to Thursday's closing price, the market value of Adobe is about $87 billion 40 million.