Strong Cash Flow and Earnings Highlight Third Quarter Results

SAN JOSE, Calif. — Sept. 19, 2017 — Adobe (Nasdaq:ADBE) today reported financial results for its third quarter fiscal year 2017 ended
Sept. 1, 2017.

Financial Highlights

• Adobe achieved record quarterly revenue of $1.84 billion in its third quarter of fiscal year 2017, which represents 26 percent yearover-year
  revenue growth.
• Diluted earnings per share was $0.84 on a GAAP-basis, and $1.10 on a non-GAAP basis.
• Digital Media segment revenue was $1.27 billion, with Creative revenue growing to $1.06 billion.
• Digital Media Annualized Recurring Revenue (“ARR”) grew to $4.87 billion exiting the quarter, a quarter-over-quarter increase of $308 million.
• Adobe Experience Cloud achieved revenue of $508 million, which represents 26 percent year-over-year growth.
• Operating income grew 48 percent and net income grew 55 percent year-over-year on a GAAP-basis; operating income grew 43 percent and net income grew 46 percent year-over-year on a non-GAAP basis.
• Cash flow from operations was $704 million, and deferred revenue grew to approximately $2.20 billion.
• The company repurchased approximately 2.1 million shares during the quarter, returning $298 million of cash to stockholders.

A reconciliation between GAAP and non-GAAP results is provided at the end of this press release and on Adobe’s website.

DXOMark has completed their sensor review of the Canon EOS  6D Mark II and came away impressed in some areas, most notably color and ISO performance.

The EOS  6D Mark  II ended up with a score of 85, which is well behind the 91 scored by the EOS  5D Mark IV and 5th place overall for Canon sensors.

From DXOMark

Canon’s 6D proved a popular and affordable DSLR for serious-enthusiasts looking to step up to full frame, or pros after an affordable second body.

Five years on, it was crying out for an upgrade however, and the 6D Mark II’s resolution boost, improved autofocus system, faster frame rate and touch-screen LCD make it a more viable option in the modern market.

Its sensor performance continues the upward trend for Canon chips too, although it doesn’t quite hit the dizzy heights of Canon’s best sensor to date in the 5D Mark IV. This is a result of notably lower dynamic range recorded by the 6D Mark II at base ISO, which is a concern for photographers after the best image quality in good light. From ISO 800, dynamic range is much closer to the performance of semi pro rivals such as the Nikon D750 and Sony A7 II however, and with good color sensitivity at all settings and well-controlled noise the 6D Mark II lends itself better to low light photography. Read the full review

I must say it’s nice to read something positive about this camera, as some of its perceived shortcomings have been the source of a lot of negative discussion. However, it is DXOMark and that can create heated discussion on its own.

DPReview has completed their review of  Canon’s smallest DSLR, the EOS Rebel SL2. DPRewview referred to the SL2 as the Toyota Camry of DSLRs, which after having a Camry as a rental recently, I’m not sure that’s a good thing.

From DPReview:

For those who want a small camera with the traditional controls and viewfinder of a DSLR, the Canon EOS Rebel SL2 is easy to recommend. It’s not spectacular in any one area, but it’s easy to use and performs well in most situations. The SL2 isn’t for those taking a lot of photos of moving subjects, nor is it wondrous at video, but for everyday life, it’ll do the job.

Canon-lovers who want better performance – especially autofocus – should strongly consider spending the extra $200 for the Rebel T7i (EOS 800D). Read the full review

The first iteration of this line had a lot of fans once the price started to drop on the camera. I recall a lot people buying the SL1 once they started to appear in the $350-$400 range on the grey market or refurbished at the Canon Store. I’m thinking the same is going to happen again.

Press Release – September 19, 2017

The Profoto A1 might be the smallest flash we’ve ever made, but it’s still built to the same impossibly high standards we’ve set ourselves over the last fifty years.

Our focus with the A1 was to create a flash that delivers a truly high quality of light, which is why it features a round head which delivers light that’s both natural and beautiful with a pleasing soft-smooth fall-off, that blends seamlessly with the ambient light.

Preorder the Profoto A1 at B&H Photo

Thanks to a smart magnetic mount built into the head, light shaping tools and modifiers can be clicked on and off quickly and easily. Within seconds you’re being creative with light, shaping it. It also has a zoom function that allows you to make fine adjustments to the spread of light by simply twisting the zoom ring on the head, and for accuracy it has a modeling light built-in to the head – so you can see what you’re going to get before you press the shutter.

Read more…

We’ve finally have an approximate announcement date for the upcoming Canon PowerShot G1 X Mark III, we’re told that it will be announced in mid October. Looking at the calendar, Tuesday, October 17, 2017 looks like a good “mid October” guess. Give or take a week on either side of this date. Canon generally announces on a Tuesday, but sometimes does so on a Friday as well.

While we’ve nailed down when we can expect to see it announced, specifications are still not [CR3].

Rumored Canon PowerShot G1 X Mark III Specifications: [CR1]

• 24mp APS-C Sensor (The PowerShot G1 X Mark II was 1.5″ sensor)
• Dual Pixel AF
• DIGIC 7
• 24-120mm lens (35mm equivalent)

We do not know for sure if another G series PowerShot will be announced alongside the PowerShot G1 X Mark III.

More to come…