Adobe’s revenue rises for ninth quarter in a row

Picture illustration shows Adobe company logos, in ViennaThomson Reuters

(Reuters) – Adobe Systems Inc reported a 20.4 percent rise in second-quarter revenue, as more customers subscribed for its Creative Cloud package of software tools, such as Photoshop.

The company’s revenue increased to $1.40 billion in the three months ended June 3, from $1.16 billion a year earlier, rising for the ninth quarter in a row.

Adobe said on Tuesday its net income rose to $244.1 million, or 48 cents per share, from $147.5 million, or 29 cents per share.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Savio D’Souza)