| From: JakeStraw | 6/15/2018 7:46:42 AM | | | | | | Adobe Reports Record Revenue
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Adobe achieved record quarterly revenue of $2.20 billion in its second quarter of fiscal year 2018, which represents 24 percent year-over-year revenue growth.
Diluted earnings per share was $1.33 on a GAAP-basis, and $1.66 on a non-GAAP basis.
Digital Media segment revenue was $1.55 billion, with Creative revenue growing to $1.30 billion and Document Cloud achieving record revenue of $243 million, which represents 22 percent year-over-year growth.
Digital Media Annualized Recurring Revenue (“ARR”) grew to $6.06 billion exiting the quarter, a quarter-over-quarter increase of $343 million. Creative ARR grew to $5.37 billion, and Document Cloud ARR grew to $694 million.
Digital Experience segment revenue was $586 million, which represents 18 percent year-over-year growth.
Operating income grew 39 percent and net income grew 77 percent year-over-year on a GAAP-basis; operating income grew 33 percent and net income grew 62 percent year-over-year on a non-GAAP basis.
Cash flow from operations was $976 million, and deferred revenue grew 27 percent year-over-year to approximately $2.63 billion.
Adobe repurchased approximately 2.6 million shares during the quarter, returning $589 million of cash to stockholders. |
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| From: JakeStraw | 8/28/2018 9:14:05 AM | | | | | | Adobe Announces Open Platform for Experience Design With Adobe XD CC
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“We are committed to developing a rich ecosystem around Adobe XD to fit the modern designer’s needs,” said Scott Belsky, chief product officer and executive vice president, Creative Cloud at Adobe. “Delivering seamless, engaging user experiences is imperative for brands, companies and all digital products, and Adobe is focused on serving designers with powerful collaboration capabilities.”
The open platform will be made publicly available later this year, but Adobe is already working with early developer partners to build plugins for XD, including Microsoft, Trello, UserTesting, Airtable, Dribbble, Silicon Publishing, Slope, inMotionNow, Astute Graphics, Anima and Google Cloud, along with its own Behance and Stock services. |
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| From: JakeStraw | 10/16/2018 11:27:44 AM | | | | | | | Adobe Systems had its price target raised by analysts at Barclays PLC from $297.00 to $304.00. They now have an "overweight" rating on the stock. |
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