Adobe reports quarterly gaap earnings per share of $1.96

Adobe reports record revenue.quarterly revenue rose 19 percent to $3.09 billion.quarterly gaap earnings per share $1.96.consumers reducing spending in countries more adversely impacted by covid-19 situation.sees q2 total revenue approximately $3.175 billion.qtrly digital media segment revenue was $2.17 billion, which represents 22 percent year-over-year growth.sees q2 2020 gaap earnings per share about $2.10.sees q2 digital media segment revenue growth approximately 19% year-over-year.sees q2 2020 non-gaap earnings per share about $2.35.sees q2 2020 digital media arr about $385 million of net new arr.q2 earnings per share view $2.33, revenue view $3.22 billion -- refinitiv ibes data.adobe - qtrly earnings per share results factor expense charge related to cancellation of corporate events including adobe summit due to covid-19 situation.covid-19 situation impacted both gaap and non-gaap earnings per share by $0.07 in quarter.providing q2 financial targets that factor expected impact of global uncertainty caused by covid-19 situation.adobe- expects it will be hit in q2 by enterprises deferring bookings decisions,delaying consulting services implementations, reducing marketing spend.expects it will be impacted in q2 in software license revenue driven by channel partners.qtrly non-gaap diluted net income per share $2.27.q1 earnings per share view $2.23, revenue view $3.04 billion -- refinitiv ibes data.
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