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Adobe Profit Tops Analysts' Estimates on Cloud Sales Gains

  • Software maker reaffirms 2016 revenue, profit forecast
  • Company announces expansion of partnership with Accenture
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Adobe Systems Inc. reported profit that topped analysts’ estimates as the company signed up more customers for its cloud-based services.

Revenue increased 22 percent to $1.31 billion in the fiscal fourth quarter ended Nov. 27, the San Jose, California-based company said Thursday in a statement. Profit, excluding some items, was 62 cents a share. Analysts projected sales of $1.31 billion and profit of 60 cents, according to data compiled by Bloomberg.