Adobe Non-GAAP EPS of $4.65 beats by $0.11, revenue of $5.41B beats by $40M
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Contributor since / Followers
Contributor since / Followers
2 months ago
- Adobe press release (NASDAQ:ADBE): Q3 Non-GAAP EPS of $4.65 beats by $0.11.
- Revenue of $5.41B (+10.6% Y/Y) beats by $40M.
- GAAP operating income in the third quarter was $1.99 billion and non-GAAP operating income was $2.52 billion. GAAP net income was $1.68 billion and non-GAAP net income was $2.08 billion.
- Cash flows from operations were $2.02 billion.
- Remaining Performance Obligations exiting the quarter were $18.14 billion.
- Adobe repurchased approximately 5.2 million shares during the quarter.
- Net new Digital Media Annualized Recurring Revenue was $504 million, exiting the quarter with Digital Media ARR of $16.76 billion. Document Cloud ARR grew to $3.31 billion and Creative ARR grew to $13.45 billion.
- Q4 Outlook: Total revenue $5.50 billion to $5.55 billion vs. consensus of $5.60B; Digital Media net new ARR ~$550 million; Digital Media segment revenue $4.09 billion to $4.12 billion; Digital Experience segment revenue $1.36 billion to $1.38 billion; Digital Experience subscription revenue $1.23 billion to $1.25 billion; Non-GAAP Earnings per share $4.63 to $4.68 vs. consensus of $4.67.
- Shares -7.94%.