Facebook Twitter Instagram
    Canon Rumors – Your best source for Canon rumors, leaks and gossip
    • Home
    • Forums
    • Media
    • Contact
    Canon Rumors – Your best source for Canon rumors, leaks and gossip
    Home»Canon Business General»Adobe Reports Record Revenue
    svg+xml;base64,PHN2ZyB2aWV3Qm94PScwIDAgNzI4IDEwMjQnIHhtbG5zPSdodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2Zyc+PC9zdmc+ - Adobe Reports Record Revenue

    Adobe Reports Record Revenue

    By Canon RumorsMarch 18, 2016No Comments4 Mins Read Canon Business General
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Strong Cloud Product Adoption in Q1 FY2016 Fuels 25 Percent Year-over-year Revenue Growth

    SAN JOSE, Calif. — Mar. 17, 2016 — Adobe (Nasdaq:ADBE) today reported financial results for its first quarter fiscal year 2016 ended Mar. 4, 2016.

    First Quarter Financial Highlights

    • Adobe achieved record quarterly revenue of $1.38 billion, representing year-over-year growth of 25 percent.
    • Diluted earnings per share were $0.50 on a GAAP-basis, and $0.66 on a non-GAAP basis.
    • Digital Media segment revenue grew by 33 percent year-over-year to a record $932 million, with Creative revenue growing 44 percent year-over-year to a record $733 million.
    • Strong Creative Cloud adoption drove Digital Media Annualized Recurring Revenue (“ARR”) to $3.13 billion exiting the quarter, an increase of $246 million.
    • Adobe Marketing Cloud achieved strong bookings growth, and record revenue of $377 million that represents year-over-year growth of 21 percent.
    • Year-over-year operating income grew 78 percent and net income grew 200 percent on a GAAP-basis; operating income and net income both grew 48 percent on a non-GAAP basis.
    • Cash flow from operations was $498 million, and deferred revenue grew to $1.61 billion.
    • The company repurchased approximately 1.5 million shares during the quarter, returning $133 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.

    Executive Quotes

    “Every day, more brands, government agencies and educational institutions globally are choosing to base their digital strategies on Adobe’s content and data platforms,” said Shantanu Narayen, Adobe president and chief executive officer. “Our exceptional performance in Q1 is an indicator of the strong momentum we are seeing across our cloud businesses as we drive the experience economy.”

    “We are pleased to report another record quarter with 25 percent year-over-year revenue growth. Strong Cloud adoption drove record Creative and Marketing Cloud revenue in Q1, and better-than-expected Digital Media ARR,” said Mark Garrett, Adobe executive vice president and chief financial officer. “Based on our strong Q1 results and business momentum, we are increasing our annual revenue and earnings targets for the year.”

    Adobe to Webcast Earnings Conference Call

    Adobe will webcast its first quarter fiscal year 2016 earnings conference call today at 2:00 p.m. Pacific Time from its investor relations website: www.adobe.com/ADBE. Earnings documents, including Adobe management’s prepared conference call remarks with slides, financial targets and an investor datasheet are posted to Adobe’s investor relations website in advance of the conference call for reference. A reconciliation between GAAP and non-GAAP earnings results and financial targets is also provided on the website.

    Forward-Looking Statements Disclosure

    This press release contains forward-looking statements, including those related to product adoption and innovation, momentum in our cloud businesses, revenue, profit, annualized recurring revenue, bookings, earnings per share and operating cash flow, all of which involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: failure to develop, market and offer products and services that meet customer requirements, introduction of new products, services and business models by competitors, failure to successfully manage transitions to new business models and markets, risks associated with the timing of revenue recognition, uncertainty in economic conditions and the financial markets, risks associated with an increased emphasis on a cloud strategy, fluctuations in subscription renewal rates, risks associated with cyber-attacks and information security, potential interruptions or delays in hosted services provided by us or third parties, and failure to realize the anticipated benefits of past or future acquisitions. For a discussion of these and other risks and uncertainties, please refer to Adobe’s Annual Report on Form 10-K for our fiscal year 2015 ended Nov. 27, 2015, and Adobe's Quarterly Reports on Form 10-Q issued in fiscal year 2016.

    The financial information set forth in this press release reflects estimates based on information available at this time.  These amounts could differ from actual reported amounts stated in Adobe’s Quarterly Report on Form 10-Q for our quarter ended Mar. 4, 2016, which Adobe expects to file in Mar. 2016.

    Adobe assumes no obligation to, and does not currently intend to, update these forward-looking statements.

    About Adobe Systems Incorporated

    Adobe is changing the world through digital experiences. For more information, visitwww.adobe.com.

    adobe Creative Cloud lightroom photoshop
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleRetail Canon EOS-1D X Mark II Cameras Reach First Customers
    Next Article Canon EOS 80D RAW Files Available for Download

    Related Posts

    Canon releases financials for the full year 2022

    January 31, 2023

    The Canon EOS R6 Mark II will be announced alongside a Canon RF 135mm f/1.8L IS USM

    October 27, 2022

    Deal Zone: Lensbaby Burnside 35mm f/2.8 for Canon EF and RF $299 (Reg $499)

    October 24, 2022

    DXO launches PhotoLab 6 with next-level noise reduction and AI technology

    October 4, 2022

    Deal of the Day: Zhiyun Weebil 2 Pro+ 3-Axis Handheld Gimbal Stabilizer Bundle $797 (Reg $999)

    July 20, 2022

    Hands-on with the Canon EOS R7

    May 24, 2022

    Comments are closed.

    • Facebook 105K
    • Twitter 65.7K

    Subscribe to our newsletter

    Get the latest news to your inbox

    Resources

    Third-party lenses for the Canon RF mount

    January 19, 2021

    Canon RF lens roadmap

    November 9, 2020
    Latest Announcements

    Canon announces EOS Webcam Utility Pro subscription service

    November 9, 2022

    Preorder: Canon EOS R6 Mark II, Canon RF 135mm f/1.8L IS USM & Canon Speedlite EL-5

    November 1, 2022

    Canon officially announces the Canon EOS R6 Mark II, Canon RF 135mm f/1.8L IS USM and Canon Speedlite EL-5

    November 1, 2022

    Venus Optics officially announces the Laowa Argus RF 25mm f/0.95 for APS-C

    October 25, 2022
    Latest Reviews

    Review: Canon RF 15-30mm F4.5-6.3 IS STM

    September 13, 2022

    Review: Canon RF-S 18-45mm F4.5-6.3 IS STM

    July 20, 2022

    Review: Canon RF-S 18-150mm F3.5-6.3 IS STM

    July 20, 2022

    OpticalLimits reviews the Canon EOS RF 16mm F2.8 STM

    February 21, 2022
    Canon EOS R1 Rumor Round-up

    The Canon EOS R1 may not come until 2024

    November 10, 2022145

    We only ever get bits and pieces about the development of the Canon EOS R1,…

    We haven’t forgotten about the Canon EOS R1, and you probably haven’t either [CR2]

    September 22, 2022

    The Canon EOS R1 may not come until the 2nd half of 2023 [CR2]

    June 27, 2022
    Canon EOS R5 S Rumor Round-up

    EOS R camera between EOS R7 and EOS R10 coming [CR3]

    November 28, 202292

    It feels like the old days again, as numerous camera rumors continue to flow in.…

    Canon is gearing up to finally release a high megapixel camera with 100+ megapixels [CR3]

    May 26, 2022

    A high megapixel camera is coming [CR2]

    February 21, 2022
    Canon EOS R50/R100 Rumor Round-up

    Canon teases Canon EOS R8 and Canon EOS R50 announcement happening this week

    February 6, 202372

    Canon will announce a bunch of products on February 8, 2023. In North America, the…

    EOS R camera between EOS R7 and EOS R10 coming [CR3]

    November 28, 2022

    Canon RF-S 22mm f/2 STM is coming alongside the EOS R50 [CR2]

    November 17, 2022
    Facebook Twitter RSS Discord
    © 2023 Canon Rumors hosting is fully managed by Host Duplex | Design & community services from Audentio

    Type above and press Enter to search. Press Esc to cancel.