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.
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.
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