Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported higher earnings and revenues for the second quarter of fiscal 2023. The company also provided guidance for the third quarter.

Second-quarter revenues came in at $4.82 billion, which is up 9.8% from the year-ago quarter. The top line benefited from strong growth in the core Digital Media business.

Adjusted net profit, excluding one-off items, rose to $3.91 per share from $3.35 per share last year. Unadjusted net income was $1.30 billion or $2.82 per share in Q2, compared to $1.18 billion or $2.49 per share in the second quarter of 2022.

“Adobe’s ground-breaking innovation positions us to lead the new era of generative AI given our rich datasets, foundation models, and ubiquitous product interfaces,” said Adobe’s CEO Shantanu Narayen.

Prior Performance

The post ADBE Infographic: Adobe Q2 2023 profit rises on strong revenue growth first appeared on AlphaStreet.