ADBE just posted record quarterly results… and I’m deciding to trim them from the herd. I can’t keep a 24% YoY company when there are so many +40% YoY companies that are far more likely to double and more.
This board has really influenced how I look at allocating my investing cash to the BEST companies in the best position to give returns… not just REALLY SOLID companies like ADBE.
There’s just not a darn thing wrong with ADBE’s quarterly… except there are better quarterly reports out there on companies more likely to give better returns…
Learning… thanks for teaching.
ADBE $258.17 2.04 (0.79%)
3:59 PM 6/14/18
Adobe Systems Incorporated | NASDAQ
Post-Market: $248.69 -9.48 (-3.67%) 4:10 PM
Earnings Press Release:
Q2 EPS of $1.66 beats by $0.12. Revenue of $2.2B (+24.3% Y/Y) beats by $40M.
Adobe Document Cloud Achieves Year-Over-Year Growth of 22 Percent
SAN JOSE, Calif.–(BUSINESS WIRE)-- Adobe (ADBE) today reported strong financial results for its second quarter fiscal year 2018 ended June 1, 2018.
Adobe achieved record quarterly revenue of $2.20 billion in its second quarter of fiscal year 2018, which represents 24 percent year-over-year revenue growth.
Diluted earnings per share was $1.33 on a GAAP-basis, and $1.66 on a non-GAAP basis.
Digital Media segment revenue was $1.55 billion, with Creative revenue growing to $1.30 billion and Document Cloud achieving record revenue of $243 million, which represents 22 percent year-over-year growth.
Digital Media Annualized Recurring Revenue (“ARR”) grew to $6.06 billion exiting the quarter, a quarter-over-quarter increase of $343 million. Creative ARR grew to $5.37 billion, and Document Cloud ARR grew to $694 million.
Digital Experience segment revenue was $586 million, which represents 18 percent year-over-year growth.
Operating income grew 39 percent and net income grew 77 percent year-over-year on a GAAP-basis; operating income grew 33 percent and net income grew 62 percent year-over-year on a non-GAAP basis.
Cash flow from operations was $976 million, and deferred revenue grew 27 percent year-over-year to approximately $2.63 billion.