Better-than-expected earnings were backed by strong demand for the companys Creative Cloud software tools like Photoshop, which added more subscribers. Also, continued growth of Adobe Document Cloud subscriptions and strong bookings for Adobe Marketing Cloud aided the earnings growth. Revenues Adobes revenues of $1.68 billion increased 4.6% sequentially and 21.6% year over year. Reported revenues surpassed managements guidance of $1.625 billion and were above the Zacks Consensus Estimate of $1.641 billion. Subscription comprised 82% of Adobes total fiscal first-quarter revenues, up 29.3% from the year-ago period. Products declined 8.8% year over year and contributed 11% to revenues, while Services & Support saw a 2.2% improvement and brought in the rest. Revenues by Segment Revenues from Digital Media Solutions jumped 22% year over year to $1.14 billion. Total Digital Media ARR (Annualized Recurring Revenue) grew to $4.25 billion at the end of the fiscal first quarter, reflecting an increase of $265 million and indicating strong growth in the Creative Cloud and Document Cloud businesses. The two major revenue contributors within the segment were Creative Cloud (CC) and Document Cloud (DC).
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Denys Bucksten / Pioneer Press A search is underway for the new principal of Highland Park High School. A search is underway for the new principal of Highland Park High School. (Denys Bucksten / Pioneer Press) Karen Berkowitz Contact Reporter Pioneer Press Some parents are raising concerns about the process that Township High School District 113 is using to hire a new principal for Highland Park High School and questioning why only two parents are serving on the stakeholder interview committee. “We want more people on the selection committee who understand what Highland Park High School needs as opposed to Deerfield ,” said Amy Small, a parent representative on the Parent Teacher Organization, at a school board meeting April 12. “They are very different schools and serve a very different population,” Small said. “We feel very strongly that things are not as transparent as they could be. We have received very contradictory explanations for how parents were chosen.” Superintendent Christopher Dignam is using the educational search firm of Ray and Associates to solicit and screen candidates to replace Principal Tom Koulentes. Koulentes is leaving June 30 to become principal of Libertyville High School after spending 22 years as a teacher, bilingual program director, coach, assistant principal and principal at Highland Park High School. Dignam reported April 12 the search firm would be presenting a pool of semi-finalists to himself and Human Resources Director Thomas Krieger on April 14. The two administrators would be reviewing the candidates and conducting interviews before narrowing the field to two or three finalists, he said.
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