In December Adobe said it was looking for $15.15 to $15.45 in adjusted earnings per share for the full year, with $1.65 billion in net-new Digital Media ARR. Analysts surveyed by Refinitiv had been expecting $3.76 per share in adjusted earnings and $4.76 billion in revenue.Īdobe bumped up its profit forecast for the 2023 fiscal year, and now sees $15.30 to $15.60 in adjusted earnings per share, with $1.7 billion in net new annualized recurring revenue from Digital Media. The company's Digital Media segment, which includes the Creative Cloud design software bundle, generated $3.4 billion in revenue, up 9% from a year and above the $3.36 billion consensus among analysts polled by StreetAccount.Īdobe's Digital Experience segment, which features Marketo marketing software, contributed $1.18 billion in revenue, just above the $1.17 billion StreetAccount consensus.įor the second quarter, Adobe expects earnings per share of $3.75 to $3.80 on an adjusted basis and $4.75 billion to $4.78 billion in revenue. Net income fell slightly to $1.25 billion, or $2.71 per share, from $1.27 billion, or $2.66 per share, a year ago.
Revenue rose 9% year over year in the quarter that ended March 3, according to a statement. Personal Loans for 670 Credit Score or Lower
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