Shares of Adobe Systems surged 7 percent Wednesday after it beat on earnings and reported a 20 percent rise in quarterly revenue for the 10th straight quarter.
The multinational computer software company reported fiscal third-quarter earnings of 75 cents a share on revenue of $1.46 billion. Analysts had expected earnings of 72 cents per share on revenue of $1.45 billion, according to Thomson Reuters consensus estimates.
Adobe's stock was trading at all-time high levels Wednesday.
"Our leadership in cloud-based content and data platforms make us a mission critical partner to the world's biggest brands as they transform how they engage with their customers," Shantanu Narayen, president and CEO of Adobe Systems, said in a press release.
The company's Creative Cloud package of software tools added more subscribers, which drove revenue. Its digital media segment revenue increased 29 percent year-over-year.
Adobe's stock is up more than 14 percent year-to-date.