Adobe Delivers Record Quarterly Revenue In Q4

Adobe Systems IncorporatedADBE released its fourth-quarter earnings after the market closed on Thursday. Shares were volatile after hours following the release.

• Adobe achieved record quarterly revenue of $1.61 billion in Q4, beating analyst estimates by $20 million
• EPS came in at $0.80, beating estimates by $0.04
• Digital Media segment revenue was $1.08 billion, with Creative revenue growing 33 percent year-over-year to $886 million.
• Creative Cloud and Document Cloud adoption drove Digital Media Annualized Recurring Revenue (“ARR”) to $4.01 billion exiting the quarter, a quarter-over-quarter increase of $316 million.
• Adobe Marketing Cloud achieved record revenue of $465 million, representing 32 percent year-over-year growth.
• Adobe provided sales guidance in Q1 of $1.625 billion, with estimated Q1 EPS at $0.87.

“Adobe’s market-leading digital media and digital marketing solutions are revolutionizing how customers design and deliver exceptional digital experiences,” said Shantanu Narayen, president and chief executive officer of Adobe. “We enter 2017 with significant market momentum and strong technology tailwinds.”