and EU on its pending $20 billion acquisition of design software startup Figma. The company is getting existing video clients to pay for Frame.io, a tool for reviewing and approving videos that it acquired for $1.24 billion in 2021, Dan Durn, Adobe's finance chief, said on a conference call with analysts.Īnd in the quarter Adobe beat out 'single-product competitors' in categories such as analytics and content management for some deals, said Anil Chakravarthy, president of the Digital Experience unit.ĭuring the quarter, Microsoft said it was embedding Adobe's Acrobat PDF engine into Edge, the default browser in Windows 10 and 11, and Adobe said it's been engaging with regulators in the U.S., U.K.

One recent acquisition is bearing fruit at Adobe.

Analysts polled by Refinitiv were looking for $15.31 in adjusted earnings per share. In December Adobe said it was looking for $15.15 to $15.45 in adjusted earnings per share for the full year, with $1.65 billion in net-new Digital Media ARR. Analysts surveyed by Refinitiv had been expecting $3.76 per share in adjusted earnings and $4.76 billion in revenue.Īdobe bumped up its profit forecast for the 2023 fiscal year, and now sees $15.30 to $15.60 in adjusted earnings per share, with $1.7 billion in net new annualized recurring revenue from Digital Media. The company's Digital Media segment, which includes the Creative Cloud design software bundle, generated $3.4 billion in revenue, up 9% from a year and above the $3.36 billion consensus among analysts polled by StreetAccount.Īdobe's Digital Experience segment, which features Marketo marketing software, contributed $1.18 billion in revenue, just above the $1.17 billion StreetAccount consensus.įor the second quarter, Adobe expects earnings per share of $3.75 to $3.80 on an adjusted basis and $4.75 billion to $4.78 billion in revenue. Net income fell slightly to $1.25 billion, or $2.71 per share, from $1.27 billion, or $2.66 per share, a year ago. Revenue rose 9% year over year in the quarter that ended March 3, according to a statement. Personal Loans for 670 Credit Score or Lower

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Acrobat pdf