By Matt Grossman

 

Adobe Inc. Thursday said it is targeting higher earnings and revenue next year as it anticipates growth in its software business.

Adobe set its revenue target at $17.9 billion, with earnings of $10.25 a share, in fiscal 2022. In the latest fiscal year, revenue was $15.79 billion and earnings were $10.02 a share.

Adobe's target is for adjusted earnings of $13.70 a share.

In the fiscal first quarter, Adobe is targeting revenue of $4.23 billion and earnings of $2.63 a share, or $3.35 a share on an adjusted basis.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

December 16, 2021 08:40 ET (13:40 GMT)

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