Log In | Become a Member | Contact Us


Market Intelligence for Printing and Publishing

Connect on Twitter | Facebook | LinkedIn

Featured:     Production Inkjet Tools & Resources     Industrial Print Analysis     European Coverage     Conversations on Print Podcast

Adobe Outlines Growth Strategy at Adobe MAX

Thursday, October 19, 2017

Press release from the issuing company

Company Provides Preliminary Financial Targets for Fiscal Year 2018 at Financial Analyst Briefing

LAS VEGAS - Adobe Systems Incorporated (Nasdaq:ADBE) today will host a financial analyst briefing with investors and financial analysts at its Adobe MAX user conference.

At today’s meeting in Las Vegas, Adobe’s CEO and CFO will outline the company’s momentum, opportunities and strategies across each of its major businesses. As part of their presentations, Adobe will review market research information which indicates the company’s total addressable market has expanded to approximately $83 billion by 2020. The Company is also providing preliminary financial targets for fiscal year 2018, and is reaffirming its current Q4 fiscal year 2017 revenue and earnings per share targets.

“Adobe’s vision has never been more clear or more relevant – to empower people and businesses to design and deliver amazing digital experiences,” said Shantanu Narayen, president and CEO, Adobe. “The FY2018 targets we are providing today include revenue growth of 20 percent and earnings growth of 30 percent, and reflect our continued momentum and leadership.”

Adobe Provides Preliminary FY2018 Financial Targets

At today’s financial analyst meeting, Adobe is providing preliminary financial targets for its fiscal year 2018, which are summarized in the table below.

      Total Adobe revenue1   Approximately $8.7 billion (~20 percent year-over-year growth)
      Digital Media segment revenue   Approximately 23 percent year-over-year growth
      Adobe Experience Cloud subscription revenue2   Approximately 20 percent year-over-year growth
      Adobe Experience Cloud total revenue   Approximately 15 percent year-over-year growth
      GAAP earnings per share   Approximately $4.40
      Non-GAAP earnings per share   Approximately $5.50
      Digital Media Annualized Recurring Revenue (“ARR”)   Approximately $1 billion of net new ARR
      Adobe Experience Cloud bookings3   Approximately 20 percent year-over-year growth
           
      1 Revenue and earnings per share targets were set based on September 2017 foreign exchange (“FX”) rates forward adjusted to mid-2018, which for current planning purposes are assumed to be constant during fiscal year 2018
      2 Includes revenue from SaaS, managed service and term offerings for Adobe Analytics Cloud and Adobe Marketing Cloud, as well as total revenue for Adobe Advertising Cloud
     

3 Includes annualized subscription value of SaaS, managed service and term offerings under contract for Adobe Analytics Cloud and Adobe Marketing Cloud

       

A reconciliation between FY2018 GAAP and non-GAAP earnings per share targets is provided later in this press release.

Adobe Reaffirms Q4 Revenue and Earnings Targets

Adobe stated it is on track to achieve Q4 FY2017 revenue of $1.95 billion. The Company also stated it is on track to achieve its Q4 earnings per share targets of $0.86 on a GAAP-basis, and $1.15 on a non-GAAP basis.

A reconciliation between GAAP and non-GAAP earnings per share targets is provided later in this press release.

 

Post a Comment

To post a comment Log In or Become a Member, doing so is simple and free

 

SHARE

Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2017 WhatTheyThink. All Rights Reserved