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Photo: Alastair Pike (Getty Images) Roughly a month after being hit with a pretty damning antitrust suit led by Texas Attorney General Ken Paxton, Google issued its response on Sunday via a public blog post tackling some of the more “misleading” allegations. Advertisement This is pretty out of character for Google, which has, until now, been pretty private with its response to any antitrust investigations—both in communications with the press and with its own rank and file employees. Even the blog post itself is pretty myopic, narrowly focusing on a handful of charges from the Texas ca...

Despite a troubled macroeconomic surrounding, Adobe (NASDAQ: ADBE) topped both top- and bottom-line estimates in its fourth-quarter results as well as guided higher for the undergoing quarter and fiscal year 2021.

Adobe Reports Record Q4 and Fiscal 2020 Revenue Company Generates Record $1.8 Billion in Operating Cash Flows During Q4; Surpasses $10 Billion in Digital Media ARR Login or register now to gain instant access to the rest of this premium content! Adobe today reported financial results for its fourth quarter and fiscal year ended Nov. 27, 2020. In its fourth quarter of fiscal year 2020, Adobe achieved record quarterly revenue of $3.42 billion, which represents 14 percent year-over-year growth. In fiscal year 2020, Adobe achieved record annual revenue of $12.87 billion, which rep...

Shares of Adobe ADBE, +0.39% were down 1% in trading Thursday after the software company earlier reported fiscal fourth-quarter results on the same day it is hosting analysts. Adobe reported net income of $2.25 billion, or $4.64 a share, compared with net income of $852 million, or $1.74 a share, in the year-ago quarter. On an adjusted basis, Adobe earned $2.81 a share, up from $2.29 a year earlier. Revenue jumped 14% to $3.42 billion from $3 billion a year ago. Analysts surveyed by FactSet had expected adjusted earnings of $2.66 a share on revenue of $3.36 billion. The comp...