This creates a virtuous cycle of Adobe-focused students and industry professionals who don't want to learn how to use a new tool. As students are taught the software, they build skills that are then in line with the industry. The beautiful thing about Adobe is they were a pioneer in the industry and its software is deeply embedded into the education system, which I believe is a competitive advantage. In addition, Adobe's own website says that "over 90%" of creative professionals use Photoshop, which would not surprise me. Various review websites online indicate Adobe Premiere Pro as the "best software" for professional video editing. This includes its industry-renowned applications such as Photoshop (images), Illustrator (graphics), Premiere Pro (video), etc. The Creative Cloud is what Adobe is most known for. This includes its Creative Cloud and Document Cloud.
Its earnings per share was $2.71, which beat analyst forecasts by $0.06, which was positive.Īdobe's Digital Media segment can be further divided into two sub-sections. This highlights the large pipeline of revenue, that is driven by Adobe's subscription model, which is one of my favorite types of payment models, due to its relative consistency. Its Digital Media segment contributed to 73% of total revenue or $3.4 billion and increased by a solid 14% YoY on a constant currency basis, while $307 million in net new ARR was added in the quarter to reach a solid $13.67 billion. Its revenue was $4.66 billion, which beat analyst estimates by $30.2 million and increased by a solid 9.22% year over year or 13% on a constant currency basis. Let's dive in.ĭata by YCharts Solid Financials and LeadershipĪdobe reported solid financials for the first quarter of the fiscal year 2023. In this post, I'm going to break down its financials and growth trends, before revealing my valuation model and forecasts for the company. So far, Adobe has been executing well and the company reported strong results for Q1,FY23, beating both top and bottom-line growth estimates.
I believe the company is now at the intersection of various growth trends from the rise of the creator economy to "big data", digital signatures, and even digital customer journeys. However, Adobe is not just a one-trick pony, the company is highly diversified and has gradually expanded its product range through acquisitions and development. The business created the PDF file format back in 1993 and has since become an industry-renowned leader in its creative products namely photoshop, premiere pro, etc. I going to make a greatest artwork as I can, by my head, my hand and by my mind.Īdobe ( NASDAQ: ADBE) is one of the world's most highly regarded technology companies.
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