Fueled by Marketing Cloud receipts, Adobe satisfies Q2 expectations

Wall Street was looking for earnings of 45 cents per share with $1.16 billion in revenue.

Adobe published satisfactory second quarter financial results after the bell on Tuesday.

The tech giant reported a net income of $147.5 million, or 29 cents per share (statement).

Non-GAAP earnings were 48 cents per share on a revenue of $1.16 billion.

Wall Street was looking for earnings of 45 cents per share with $1.16 billion in revenue.

Adobe CEO Shantanu Narayen credited the Creative Cloud, Document Cloud and Marketing Cloud pillars, in prepared remarks, with driving the most revenue this quarter.

Marketing Cloud alone contributed $327 million in revenue.

Nevertheless, Adobe shares slid slightly by 1.3 percent initially in after-hours trading.

For the current quarter, Wall Street is looking for non-GAAP earnings of 54 cents per share with $1.25 billion in revenue.

Earlier on Tuesday, Adobe unveiled this year's edition of its subscription-only Creative Cloud suite of apps and services.

Touted as a "milestone release," the bevy of updates for its iOS apps demonstrated the software maker's increasing focus on bridging its mobile and desktop programs, a process now referred to Adobe CreativeSync.

Furthermore, building off its acquisition of Fotolia earlier this year, Adobe made even bigger strides as not only a software maker but a one-stop shop for creatives with the launch of its own stock service.

Simply named Adobe Stock, the program is commencing with more than 40 million images in tow and available for integration with the latest releases of Photoshop, InDesign, Illustrator, Premiere Pro, and After Effects.

Creative professionals will be able to use Adobe Stock for adding watermarked images to respective Creative Cloud libraries and license images directly from the desktop apps.

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