Adobe Systems (ADBE) late Thursday reported fiscal Q1 non-GAAP net income of $4.48 per diluted share, up from $3.80 a year earlier.
Analysts polled by Capital IQ expected $4.38.
Revenue for the quarter ended March 1 was $5.18 billion, up from $4.66 billion a year earlier.
Analysts expected $5.15 billion.
For Q2, the software company is projecting non-GAAP EPS of $4.35 to $4.40 on revenue of $5.25 billion to $5.30 billion.
Analysts polled by Capital IQ are looking for $4.37 and $5.31 billion, respectively.
Separately, Adobe said it has authorized the repurchase of up to $25 billion of its shares through mid-March 2028.
Adobe shares were dropping nearly 10% in extended trading Thursday.