Adobe creative cloud login pricing7/28/2023 Management expects non-GAAP earnings between $15.65 and $15.75 per share. Subscription revenues of Digital Experience are anticipated to be within $4.30-$4.35 billion. Net new ARR in the Digital Media segment is projected to be $1.75 billion. The Digital Experience segment’s revenues are expected to be between $4.85 and $4.90 billion. The consensus estimate for the same is $19.22 billion.Īdobe expects Digital Media revenues between $14.10 and $14.15 billion. The Zacks Consensus Estimate is pegged at $3.85 per share.įor fiscal 2023, Adobe projects total revenues between $19.25 and $19.35 billion. Management expects non-GAAP earnings between $3.95 and $4.00 per share. Subscription revenues of Digital Experience are anticipated to be within $1.08-$1.10 billion. Net new ARR in the Digital Media segment is projected to be $410 million. The Digital Experience segment’s revenues are expected to be between $1.21 and $1.23 billion. The mid-point of the range is above the Zacks Consensus Estimate of $4.84 billion.Īdobe expects Digital Media revenues between $3.55 and $3.57 billion. Guidanceįor third-quarter fiscal 2023, Adobe projects total revenues between $4.83 and $4.87 billion. In the reported quarter, the company repurchased 2.7 million shares. Long-term debt was $3.631 billion at the end of the fiscal second quarter compared with $3.630 billion at the fiscal first-quarter end.Ĭash generated from operations was $2.1 billion in the fiscal second quarter versus $1.7 billion in the fiscal first quarter. Trade receivables were $1.7 billion, down from $1.8 billion in the fiscal first quarter. Balance Sheet & Cash FlowĪs of Jun 2, 2023, the cash and short-term investment balance was $6.6 billion, up from $5.6 billion as of Mar 3, 2023. The adjusted operating margin was 45.3%, expanding 30 bps year over year. As a percentage of total revenues, the figure expanded 160 bps to 54.4%. The gross margin was 88.1%, which expanded 40 basis points (bps) on a year-over-year basis.Īdobe incurred operating expenses of $2.6 billion, reflecting a 13% year-over-year increase. Further, growing demand for Workfront drove the top-line growth within the segment. ![]() Solid momentum in Real-Time CDP, Adobe Product Analytics, Content Supply Chain solutions and Adobe Mis Modeler was a positive. Strong demand for AEP and native apps contributed well. Experience Cloud subscription revenues were $1.07 billion, which rose 11% from the year-ago quarter. The segment comprises Adobe Experience Cloud. Key customer wins were Boston Consulting Group, Cushman & Wakefield, Novartis, T-Mobile and WPP.ĭigital Experience: The segment generated revenues of $1.22 billion, up 12% on a year-over-year basis. All these factors contributed well to the customer base expansion. This apart, new workflows between Acrobat and Express were positive. Further, solid momentum across the Acrobat ecosystem on the back of growing Acrobat verb searches and PDF consumption via Chrome and Edge extensions led to strong growth in monthly active users of Acrobat Web. The growing demand for PDF collaboration services was a tailwind. ![]() All these factors led to strong customer wins, which include EY, the government of Philippines, NVIDIA and Omnicom, among others.ĭocument Cloud’s revenues were $659 million, up 11% from the prior-year quarter. The expansion of Frame.io was another positive. Further, strength in Lightroom mobile was positive. Moreover, the integration of generative AI capabilities into Photoshop, Illustrator and Adobe Express contributed well. Adobe’s growing momentum in generative AI on the back of Firefly remained a major positive. ![]() Notably, Digital Media’s annualized recurring revenues (ARR) increased to $14.14 billion, of which the net new ARR was $470 million.Ĭreative Cloud generated $2.85 billion in revenues, up 9% year over year. The segment comprises Creative Cloud and Document Cloud. Segmental Detailsĭigital Media: The segment generated revenues of $3.51 billion, which improved 10% on a year-over-year basis. Services & support revenues were $169 million (3.5% of total revenues), decreasing 0.6% from the prior-year quarter. Product revenues totaled $130 million (2.7% of total revenues), down 10.9% year over year. ![]() Subscription revenues were $4.5 billion (accounting for 93.8% of total revenues), up 11% on a year-over-year basis. Quote Top Line in DetailĪdobe reports revenues under three categories - Subscription, Product, and Services & support. price-consensus-eps-surprise-chart | Adobe Inc. Price, Consensus and EPS SurpriseĪdobe Inc.
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