| From: JakeStraw | 5/16/2019 11:43:41 AM | | | | | | Adobe Collaborates With Amazon to Accelerate Growth for Third-Party Merchants
news.adobe.com
Magento Commerce Branded Stores for Amazon Sellers Becomes Merchant Solution for Standalone Storefronts
With Magento Commerce, the new offering is built to deliver faster page load times and better conversions, as well as the ability to scale for peak shopping periods such as Cyber Monday. Serverless operations means new features such as one-click checkout and dynamic media can be quickly deployed. Functionality from Amazon Pay provides the same secure payment experience as Amazon.com, with security and compliance baked in. Fulfillment by Amazon gives customers trusted shipping options that are fast and reliable via Amazon’s proven logistics operation.
“Small and mid-market businesses are taking direct ownership over how they manage customer experiences to differentiate, grow and build loyalty,” said Jason Woosley, vice president of commerce product and platform, Adobe. “Our work with Amazon empowers this large community of sellers to get closer to their customers while saving them time and money on development.” |
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| From: JakeStraw | 5/16/2019 11:45:02 AM | | | | | | Adobe and Software AG Partner to Advance Customer Experience Management
news.adobe.com
Adobe Experience Platform and Marketo Engage Combined With Software AG’s Technology Helps Companies Stitch Customer Data From Across Systems
Adobe Experience Platform eliminates data silos by stitching together data from across the enterprise, enabling real-time customer profiles that are fueled by Adobe Sensei artificial intelligence and machine learning. Software AG’s technology establishes enterprise-wide connectivity between CRMs and applications, as well as multiple backend systems. This connectivity comes with ready-to-use integration recipes and easily configurable data connectors. The combined offering lets brands move a customer’s key enterprise data into Adobe Experience Platform via Software AG’s integration platform, resulting in a more complete view of the customer journey, making personalization at scale a reality for enterprises.
Leveraging Software AG’s strength in developing integrated SAP solutions, the partnership will also introduce a new data connector between Marketo Engage and SAP solutions that will seamlessly sync account scoring behavior (e.g. visited key web pages, opened email, attended an event) and other marketing data with sales activity and pipeline data.
“Adobe and Software AG are coming together to deliver a solution that will enable enterprises to harness and action large volumes of customer data to deliver personalized, real-time customer experiences at scale,” said Shantanu Narayen, president and CEO, Adobe. |
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| From: Alvin Yee | 6/11/2019 11:46:16 AM | | | | | | | Anyone here following price action today. Why is it tanking? Would think we get an earnings run into next week? |
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| From: JakeStraw | 6/19/2019 8:10:06 AM | | | | | | Adobe Tops Q2 Earnings Forecasts as Cloud Focus Drives Digital Media Sales
thestreet.com
Adobe Systems shares were indicated sharply higher in pre-market trading Wednesday after the cloud computing and software group posted stronger-than-expected second quarter earnings and boosted its near-term profit outlook following a partnership agreement with Microsoft. |
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| From: JakeStraw | 9/20/2019 3:19:10 PM | | | | | | Adobe Reports Record Revenue
news.adobe.com
Q3 FY2019 Financial Highlights
Adobe achieved record quarterly revenue of $2.83 billion in its third quarter of fiscal year 2019, which represents 24 percent year-over-year growth. Diluted earnings per share was $1.61 on a GAAP-basis, and $2.05 on a non-GAAP basis.
Digital Media segment revenue was $1.96 billion, which represents 22 percent year-over-year growth. Creative revenue grew to $1.65 billion and Document Cloud achieved revenue of $307 million. Digital Media Annualized Recurring Revenue (“ARR”) grew to $7.86 billion exiting the quarter, a quarter-over-quarter increase of $386 million. Creative ARR grew to $6.87 billion, and Document Cloud ARR grew to $993 million.
Digital Experience segment revenue was $821 million, representing 34 percent year-over-year growth.
GAAP operating income in the third quarter was $854 million, and non-GAAP operating income was $1.15 billion. GAAP net income was $793 million, and non-GAAP net income was $1.01 billion.
Cash flow from operations was $922 million.
Remaining Performance Obligation was $8.77 billion.
Adobe repurchased approximately 2.6 million shares during the quarter. |
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| From: Glenn Petersen | 9/16/2022 4:11:14 AM | | | | | | Adobe shares plunge on deal to acquire design platform Figma for $20 billion
Published Thu, Sep 15 20228:12 AM EDT
Updated Moments Ago
Annie Palmer @annierpalmer
CNBC.com
Key points:
- Adobe said Thursday it will acquire design software firm Figma in a deal worth about $20 billion in cash and stock.
- The company also reported earnings for its fiscal third quarter.
- Adobe shares had their worst day since 2010.
Adobe announced Thursday that it will acquire design software firm Figma in a deal worth about $20 billion in cash and stock. Shares of Adobe sank 17%, their biggest plunge since 2010.
Figma, founded in 2012, creates cloud-based design software that allows teams to collaborate in real time. It competes head-to-head with Adobe's XD program.
The company was valued at $10 billion in its last funding round in 2021.
Figma, whose backers include the likes of Index Ventures, Greylock Partners and Kleiner Perkins, is expected to generate more than $400 million in annual recurring revenue this year, sources familiar with the company's financials previously told CNBC. Adobe confirmed Figma's ARR will surpass $400 million exiting 2022.
That means Adobe is paying in the neighborhood of 50 times revenue at a time when sales multiples for cloud software are contracting dramatically from their record highs reached last year. For the top cloud companies in the BVP Nasdaq Emerging Cloud Index, forward multiples have fallen to just over 9 times revenue from about 25 in February 2021.
Adobe said it will integrate some of the features from its other products, such as illustration, photography and video technology, into Figma's platform. Adobe sells a range of software services for photo and video professionals, like Photoshop, Illustrator, Premiere Pro and more.
"Adobe's greatness has been rooted in our ability to create new categories and deliver cutting-edge technologies through organic innovation and inorganic acquisitions," said Adobe CEO Shantanu Narayen. "The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity."
Once the deal closes, Figma co-founder and CEO Dylan Field will continue to run the company. He'll report to David Wadhwani, president of Adobe's digital media business.
Adobe also announced fiscal third-quarter results. It reported earnings of $3.40 per share, adjusted, topping Refinitiv estimates of $3.33 per share. It posted $4.43 billion in revenue, which matched analyst expectations of $4.43 billion.
The company issued mixed guidance for the fiscal fourth quarter. Adobe said revenue in the quarter will be $4.52 billion, compared with consensus estimates of $4.6 billion, according to StreetAccount. It expects to report earnings of $3.50 per share, adjusted, above a StreetAccount forecast of $3.47 per share.
Correction: This article has been updated to correct Adobe's third-quarter results.
cnbc.com |
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