Adobe (NASDAQ: ADBE) is still benefiting from a stampede toward digital content creation. That was the main takeaway from the software giant's fiscal first-quarter results, which cover the selling period through early March.
Adobe's expansion pace implies another year of sales and earnings gains even following record growth in 2021. Yet those spikes will be weaker than investors have seen in a few years. And Adobe reduced a few of its 2022 targets slightly to account for changes in the geopolitical and economic climates.
Let's dive right in and take a closer look at what was reported.
Source Fool.com