Loading...
•
Feb 28, 2020
Adobe Q1 2020 Earnings Report
Adobe achieved a record quarterly revenue and reached its first $3 billion quarter.
Key Takeaways
Adobe reported record quarterly revenue of $3.09 billion, representing 19 percent year-over-year growth. Diluted earnings per share was $1.96 on a GAAP basis, and $2.27 on a non-GAAP basis. Digital Media segment revenue was $2.17 billion, a 22 percent year-over-year growth.
Adobe achieved record quarterly revenue of $3.09 billion, a 19 percent year-over-year growth.
Digital Media segment revenue was $2.17 billion, representing a 22 percent year-over-year growth.
Creative revenue grew to $1.82 billion and Document Cloud revenue was $351 million.
Digital Media Annualized Recurring Revenue (“ARR”) grew to $8.73 billion exiting the quarter, a quarter-over-quarter increase of $400 million.
Revenue by Segment
Forward Guidance
Adobe is providing second quarter financial targets that factor the expected impact of the global uncertainty caused by the COVID-19 situation based on the latest data and information available.
Positive Outlook
- 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
- Non-GAAP: ~10 percent
Challenges Ahead
- Enterprises deferring bookings decisions, delaying consulting services implementations and reducing marketing spend
- Consumers reducing spending in countries more adversely impacted by the COVID-19 situation
- Software license revenue driven by channel partners
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...