Adobe’s Post

📈 Adobe continues to demonstrate its leadership in the digital experience space, showcasing strong growth and innovation.📈 Some highlights from the report: Revenue Growth: Adobe reported significant revenue growth, surpassing market expectations and underlining the strength of their diverse product portfolio. Creative Cloud Success: The Creative Cloud suite continues to be a driving force, with increased adoption across various sectors. Digital Experience Surge: The Digital Experience segment saw remarkable growth, reflecting the rising demand for digital transformation solutions. These results are a testament to Adobe's commitment to innovation and customer-centric solutions. As businesses worldwide continue to navigate the digital landscape, Adobe's tools and services are proving to be indispensable. Kudos to the entire Adobe team! 🎉 #Adobe #Q2Earnings #DigitalTransformation #Innovation #TechNews #BusinessGrowth Kristofer Zemowski

Today we announced record Q4FY23 revenue of $5.05 billion (12% YoY growth) and FY23 revenue of $19.41 billion (10% YoY growth). Learn more: https://adobe.ly/3v00HSf Q4FY23 Digital Media revenue: $3.72 billion, 13% YoY growth 🎨 Creative Cloud revenue: $3.00 billion, 12% YoY growth 📃 Document Cloud revenue: $721 million, 16% YoY growth Q4FY23 Digital Experience revenue: $1.27 billion, 10% YoY growth Q4FY23 business highlights: 🥇 Q4 was Adobe’s first-ever $5 billion revenue quarter 📈 Record commercial Creative Cloud subscriptions 👔 Adobe Experience Platform had its first $100 million quarter of net new business

Adobe continues to be a cash generating machine (up 86% prior to today's after market) under Shantanu driven by recurring subscription model for its Creative Cloud and Document Cloud products and expansion into new markets and acquiring complementary businesses, Figma pending. Over $7B on their balance sheet. However, it dropped its guidance (Figma is not factored in). I'd find it hard to believe other Gen AI tools would cut into its guidance at this point given they are offering somewhat complimentary tools so what other factors could it be? Could customers be cutting back on seats with reduction of employees? Seems Adobe will look at cost cutting measures to drive their bottom line even more if 2024 does drop from a topline perspective. #creative #ai #cloud #platform

Today we announced record Q4FY23 revenue of $5.05 billion (12% YoY growth) and FY23 revenue of $19.41 billion (10% YoY growth). Learn more:https://adobe.ly/3v00HSf Q4FY23 Digital Media revenue: $3.72 billion, 13% YoY growth 🎨 Creative Cloud revenue: $3.00 billion, 12% YoY growth 📃 Document Cloud revenue: $721 million, 16% YoY growth Q4FY23 Digital Experience revenue: $1.27 billion, 10% YoY growth Q4FY23 business highlights: 🥇 Q4 was Adobe’s first-ever $5 billion revenue quarter 📈 Record commercial Creative Cloud subscriptions 👔 Adobe Experience Platform had its first $100 million quarter of net new business

Earnings: Adobe beats on top and bottom line! Another stellar quarter! For the 3rd quarter, EPS of $4.09 compared to the average analyst expectation of $3.98 while revenue of $4.89B compared to the estimate of $4.87B. Stock down 1.66% after hours. Revenue growth was up 10% on a yoy basis. Subscription growth was also up 12% from a year ago. Digital Media segment revenue $3.59B, representing 11% growth yoy growth. Document Cloud revenue was $685M, representing 13% yoy growth. Creative ARR grew to $11.97B and Document Cloud ARR grew to $2.63B. Digital Experience segment revenue was $1.23B, representing 10% yoy The company anticipates revenue for the 4th quarter of $4.975B to $5.025B, compared to the expected $5B. EPS should come in at between $4.10 to $4.15 versus the estimated $4.06. Adobe shares are up 64% year-to-date.

#Adobe Inc (NASDAQ:ADBE) is expected to report double-digit percentage growth in its sales and profits for the fourth quarter compared to the same period last year when it reports its latest financial results after the stock market closes on Wednesday, December 13. For 4Q, the digital marketing and creative software company expects to report revenue in the range of $4.975 billion to $5.025 billion and adjusted earnings per share between $4.10 and $4.15. Wall Street analysts have higher revenue expectations of $5.1 billion but expect EPS in line with Adobe’s guidance at $4.13. This would represent growth of 10.7% and 14.7%, respectively, over the year-ago quarter. More at #Proactive #ProactiveInvestors #NASDAQ #ADBE http://ow.ly/gaC11054RyJ

Adobe Inc (NASDAQ:ADBE) shares plummeted more than 14% after the creative software firm revealed a soft sales outlook for the current quarter. For the fiscal second quarter, Adobe projected revenue in the range of $5.25 billion to $5.30 billion, at the low end of analysts’ consensus estimate of $5.30 billion.   Adjusted earnings per share (EPS) are seen being in the range of $4.35 to $4.40, compared to estimates of $4.36. Adobe also guided $440 million in net new annual recurring revenue (ARR) for its digital media segment, which includes its creative cloud and document cloud businesses, a decline from $470 million in the year-ago quarter. However, its fiscal first quarter results, for the three months ended March 1, 2024, topped estimates on the top and bottom lines. More at #Proactive #ProactiveInvestors #NASDAQ #ADBE http://ow.ly/QHxc105m6x5

Adobe announced its Q1 FY24 results: - Total revenues were $5,182m, up 11% y/y, up 12% in CC - Operating income was $907m, a margin of 17.5%, down 16.6 pts y/y - Digital Media segment revenue was $3.82bn, up 12% y/y, up 13% in CC - Creative revenue was $3.07bn, up 11% y/y, 12% in CC - Document Cloud revenue was $750m, up 18% y/y, 18% in CC - Digital Experience revenue was $1.29bn, up 10% y/y, 10% in CC - Digital Experience subscription revenue was $1.16bn, up 12% y/y, 12% in CC. Revenue guidance for Q2 FY24 is $5.25bn to $5.30bn, with - Digital Media: $3.87bn to $3.90bn - Digital Experience: $1.31bn to $1.33bn - Digital Experience subscription: $1.165bn to $1.185bn. Adobe and Figma mutually agreed to terminate their $20bn merger deal due to no clearance from EU and UK antitrust regulators. Adobe paid Figma a $1bn termination fee. NelsonHall

***In the face of new AI tools, can Adobe sustain its historical compounding record? ***Adobe reported earnings last week, and the stock dropped for than 14% after the second-quarter outlook came below expectations. **The company has a market cap of $230B, valued @ 36× free cash flow & 48 x earnings ***Revenue grew almost 11% to $5.1B from a year ago in the fiscal Q1, Adobe is on track to beat $19.41 billion in Revenue for 2023 with solid momentum across Creative Cloud, Document Cloud, and Experience Cloud ***Digital Media segment revenue was $3.82 billion, which represents 12 percent year-over-year growth or 13 percent in constant currency. Creative revenue grew to $3.07 billion, representing 11 percent year-over-year growth or 12 percent in constant currency. Document Cloud revenue was $750 million, representing 18 percent year-over-year growth as reported and in constant currency. ***Despite falling 14%, Adope is still a solid business. #Adope #share #investing #growth #finance #q1report #income #earningd #profits

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