Adobe delivered record sales and operating cash flow for the first quarter of fiscal year 2025, driven by a customer-focused innovative strategy. However, its outlook failed to excite Wall Street, leading to a sell-off in its shares on March 13.
On March 12, the maker of popular software products such as Photoshop, Illustrator, Acrobat, Premiere Pro, and After Effects reported first-quarter results that beat market expectations. Diluted earnings came in at $4.14 per share on a record $5.71 billion in revenue, up 10 percent from a year earlier.