Adobe reported a strong first quarter of 2013 Tuesday, just as news hit that Chief Technology Officer Kevin Lynch is leaving the company and heading to Apple. The company beat analyst expectations for the quarter. Adobe reported a revenue of $1.008 billion, with net income coming in at $177.9 million. Adobe’s Creative Cloud offering was one of the biggest gainers, indicating the company’s transition to a cloud-based subscription model rather than licensing its software is starting to pay off.
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Adobe Earnings Rush In but CTO Rushes to Apple's Arms
Posted by: Rachelle Dragani March 20, 2013 03:51 PMAdobe reported a strong first quarter of 2013 Tuesday, just as news hit that Chief Technology Officer Kevin Lynch is leaving the company and heading to Apple. The company beat analyst expectations for the quarter. Adobe reported a revenue of $1.008 billion, with net income coming in at $177.9 million. Adobe’s Creative Cloud offering was one of the biggest gainers, indicating the company’s transition to a cloud-based subscription model rather than licensing its software is starting to pay off.