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