Adobe just announced its Q1 2013 earnings, which generally beat analyst estimates. Overall revenue for the first quarter was $1.01 billion and GAAP earnings per share of $0.12 and non-GAAP earnings per share (EPS) of $0.35, ahead of the analyst consensus of $0.31 non-GAAP EPS on revenue of $986 million. Overall operating income was $240.7 million and net income was $177.9 million on a non-GAAP basis.
Kevin Lynch Leaves Adobe (For Apple?)
Just as the company released its earnings, however, an SEC filing also revealed that it’s long-term CTO Kevin Lynch is leaving the company on March 22 “to pursue other opportunities.” Rumor has it that he is leaving for Apple, which would be an interesting move for somebody who long defended Flash against Apple and once likened Apple’s walled-garden approach to 19th-century railroads.
Almost 500K Creative Cloud Subscribers
Maybe the most important metric of today’s earnings, however…
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