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Adobe Loses CTO But Beats Q1 Estimates: $1.01B Revenue, $0.35 Non-GAAP EPS, 479K Paying Creative Cloud Subscribers

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http://techcrunch.com – 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 & (IT news)