Adobe Systems (ADBE) Tops Q4 EPS by 3c, Offers Q1 and FY Guidance
Adobe Systems (NASDAQ: ADBE) reported Q4 EPS of $2.29, $0.03 better than the analyst estimate of $2.26. Revenue for the quarter came in at $2.99 billion versus the consensus estimate of $2.97 billion.
GUIDANCE:
Adobe Systems sees FY2020 EPS of $9.75, versus the consensus of $9.76. Adobe Systems sees FY2020 revenue of $13.15 billion, versus the consensus of $13.16 billion.
Adobe Systems sees Q1 2020 EPS of $2.23, versus the consensus of $2.23. Adobe Systems sees Q1 2020 revenue of $3.04 billion, versus the consensus of $3.09 billion.
Adobe Provides Fiscal Year and First Quarter 2020 Financial Targets
The following table summarizes Adobe’s fiscal year 2020 targets.
Adobe fiscal year 2020 revenue | ~$13.15 billion | |
Digital Media segment revenue | ~19 percent year-over-year growth | |
Digital Media annualized recurring revenue (ARR) | ~$1.55 billion of net new ARR | |
Digital Experience segment revenue | ~16 percent year-over-year growth | |
Digital Experience subscription revenue1 | ~18 percent year-over-year growth | |
Digital Experience subscription bookings2 | >20 percent year-over-year growth | |
Tax rate | GAAP: ~11% | Non-GAAP: ~11% |
Share count | ~486 million shares | |
Earnings per share | GAAP: ~$7.40 | Non-GAAP: ~$9.75 |
1 | Includes revenue from SaaS, managed service, ratable term, usage based, and subscription service offerings for Digital Experience | |
2 | Includes annualized subscription value of SaaS, managed service, term and subscription service offerings under contract for Data & Insights, Content & Commerce and Customer Journey Management solutions |
The following table summarizes Adobe’s first quarter fiscal year 2020 targets.
Adobe Q1 fiscal year 2020 revenue | ~$3.04 billion | |
Digital Media segment revenue | ~19 percent year-over-year growth | |
Digital Media annualized recurring revenue (ARR) | ~$360 million of net new ARR | |
Digital Experience segment revenue | ~15 percent year-over-year growth | |
Tax rate | GAAP: ~5% | Non-GAAP: ~11% |
Share count | ~489 million shares | |
Earnings per share | GAAP: ~$1.76 | Non-GAAP: ~$2.23 |
For earnings history and earnings-related data on Adobe Systems (ADBE) click here.