Adobe Systems (ADBE) Tops Q4 EPS by 2c
Adobe Systems (NASDAQ: ADBE) reported Q4 EPS of $0.62, $0.02 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.31 billion.
- Digital Media Annualized Recurring Revenue (“ARR”) grew to $2.99 billion exiting the quarter, an increase of $350 million. Creative ARR grew to $2.60 billion, an increase of $310 million driven by enterprise adoption and the addition of 833 thousand net new individual and team Creative Cloud subscriptions.
- Adobe Marketing Cloud achieved revenue of $352 million with strong bookings growth and a stronger-than-expected shift in customer adoption to SaaS-based solutions.
For earnings history and earnings-related data on Adobe Systems (ADBE) click here.