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Adobe Systems (ADBE) Tops Q1 EPS by 4c, Offers Q2 Guidance

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March 12, 2020 4:06 PM EDT

Adobe Systems (NASDAQ: ADBE) reported Q1 EPS of $2.27, $0.04 better than the analyst estimate of $2.23. Revenue for the quarter came in at $3.09 billion versus the consensus estimate of $3.04 billion.

GUIDANCE:

Adobe Systems sees Q2 2020 EPS of $2.35, versus the consensus of $2.33. Adobe Systems sees Q2 2020 revenue of $3.175 billion, versus the consensus of $3.22 billion.

Total revenue

Approximately $3.175 billion

Digital Media segment revenue

Approximately 19 percent year-over-year growth

Digital Media annualized recurring revenue (ARR)

Approximately $385 million of net new ARR

Digital Experience segment revenue

Approximately 12 percent year-over-year growth

Tax rate

GAAP: ~(10) percent

Non-GAAP: ~10 percent

Share count

~486 million shares

Earnings per share

GAAP: ~$2.10

Non-GAAP: ~$2.35

For earnings history and earnings-related data on Adobe Systems (ADBE) click here.


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