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Adobe tops Q3 targets on 26 percent revenue growth

ZDNet

Adobe released third quarter financial results after the bell on Tuesday and once again the Photoshop maker broke a corporate record for quarterly revenue. Based on their specs, which flagship makes the better business phone? The software giant reported fiscal third quarter earnings of $419 million, or 84 cents a share. Non-GAAP earnings in the quarter were $1.10 a share on revenue of $1.84 billion, up from $1.73 billion from last quarter and 26 percent from the same period last year. Wall Street was looking for earnings of $1.01 a share on revenue of $1.82 billion.


Microsoft's Q3: Azure, commercial cloud strong, but earnings, revenue light

ZDNet

Microsoft's third quarter was light relative to expectations, but the company said Azure delivered strong results and its commercial cloud business is on a 10 billion annual revenue run rate. The company reported earnings of 3.8 billion, or 47 cents a share, for the third quarter on sales of 20.5 billion. Non-GAAP earnings for the third quarter were 62 cents a share on revenue of 22.1 billion, down 6 percent from a year ago. Wall Street was looking for third quarter earnings of 64 cents a share on revenue of 22.09 billion. Microsoft said that a 4 cents a share one-time tax payment resulted in the earnings miss.


Cloud services accounted for half of revenue growth at SAP in 2016

PCWorld

SAP's revenue from cloud subscriptions and support grew so quickly in 2016, the company has raised its forecasts for 2017 and 2020. Full-year cloud revenue grew 31 percent compared to a year earlier, accounting for over half of the company's revenue growth. Total revenue reached €22.1 billion (US$23.8 Profit after tax rose to €3.6 billion from €3.1 billion in 2015. SAP is keen to see more of its software business move to the cloud because, unlike traditional software licenses that bring a bump in revenue at the moment a deal is signed, it represents a predictable source of revenue.


Adobe's Q4 breaks $2 billion in revenue

ZDNet

Adobe released fourth quarter financial results after the bell on Thursday and once again the Photoshop maker broke a corporate record for quarterly revenue. The software giant reported fiscal third quarter earnings of $501.5 million, or $1.00 a share. Non-GAAP earnings in the quarter were $1.26 a share on revenue of $2.01 billion, up from $1.84 billion from last quarter and 25 percent from the same period last year. Wall Street was looking for earnings of $1.16 a share on revenue of $1.95 billion. For the fiscal year, Adobe said non-GAAP earnings were $4.31 a share on revenue of $7.30 billion.


SAP raises full year outlook on S/4HANA growth

ZDNet

SAP has reported its Q3 2017 earnings and raised its full year outlook again despite slower growth in new cloud bookings compared to last quarter.