https://jualslotcaramasakg.wixsite.com/pantrymagic Slot Gacor Gampang Menang Situs Slot Gacor https://gms.dpe.go.th/mobile/public/admin/ckfinder/plugins/fileeditor/situs-judi-slot-terbaik-dan-terpercaya-no-1/ https://geokur-dmp.geo.tu-dresden.de/uploads/user/2022-12-12-182312.459691situs-slot-gacor.html https://geokur-dmp.geo.tu-dresden.de/uploads/user/2022-12-12-183122.222613slot-gacor-gampang-menang.html http://www.digi.vibeunited.co.id/forum/profile/bocoran-slot-gacor-hari-ini/ https://cungtenhanoi.com/2022/12/30/bocoran-pola-jam-hoki-main-slot-gacor-hari-ini-terbaru-gampang-menang-jackpot-terbesar-2022/
Business

Adobe (ADBE) Revenue Q4 2022




Shantanu Narayen, CEO, Adobe

Mark Neuling | CNBC

Adobe shares rose 6% in extended trading Thursday after the design software maker announced fourth-quarter financial earnings and guidance that beat analysts̵[ads1]7; expectations.

Here’s how the company did it:

  • Earnings: $3.60 per share, adjusted, versus $3.50 per share as expected by analysts, according to Refinitiv.
  • Income: $4.53 billion, versus the $4.53 billion expected by analysts, according to Refinitiv.

Total revenue grew 10% year over year in the quarter, which ended Dec. 2, according to a statement. In the previous quarter, turnover increased by 13%. Net income, at $1.18 billion, was down slightly from $1.23 billion in the year-ago quarter.

“We delivered record operating cash flows with a focus on profitability,” CEO Shantanu Narayen told analysts on a conference call. He said the company remains cautious and will not be immune to a worsening economy.

Regarding guidance, Adobe called for $3.65 to $3.70 in adjusted earnings per share on $4.60 billion to $4.64 billion in revenue in the fiscal first quarter. Analysts polled by Refinitiv had expected $3.64 in adjusted earnings per share and $4.64 billion in revenue. The figures do not include the impact from Figma. The company maintained its guidance for the entire financial year 2023.

Adobe’s Digital Media business, which includes Creative Cloud design software subscriptions, contributed $3.30 billion in revenue, missing the StreetAccount consensus of $3.31 billion. Creative revenues increased by 8% in the quarter. The Digital Experience unit, which includes Adobe’s marketing software, delivered $1.15 billion in revenue, slightly above the StreetAccount consensus of $1.14 billion.

The digital experiences business was successful in closing “many transformational deals that span our portfolio of solutions,” Anil Chakravarthy, president of the division, said on the call.

In the quarter, Adobe said it would buy design software startup Figma for about $20 billion in the 40-year-old public company’s largest transaction to date.

“Overall, the regulatory process is proceeding as expected,” said David Wadhwani, president of the Digital Media business. The US Department of Justice and Britain’s Competition and Markets Authority are reviewing the deal, and Adobe still expects it to close in 2023, Wadhwani said.

An analyst asked how Figma is handling the current economic environment. But for now, FIgma remains a private company, and Adobe is not in a position to discuss Figma’s recent performance, Narayen said.

Stripping out the effect of the after-hours movement, Adobe shares are down 42% this year, while the S&P 500 is down 18% over the same period.

This is breaking news. Please check back for updates.

SEE: Adobe predicts a 5.3% year-over-year increase in Cyber ​​Monday sales

Adobe (ADBE) Revenue Q4 2022



Source link

Back to top button