Adobe Earnings: Creative Cloud & Cloud Services Deliver Another Quarter Of Growth

The company once again reported faster-than-expected adoption of subscription licenses for its Creative Cloud business, as more of its clients chose annual subscription plans. The company reported over 3.454 million paid subscribers for the CC services, a sizable increase of 644,000 over the previous quarter. This generated over $1.5 billion in annualized recurring revenue in the quarter. Adobe also witnessed growth in its marketing cloud initiatives during the quarter as revenues grew by 4.5% y...