The corporate reporting period has is going.
Last week, 7 companies from the S&P 500 index reported.
Today, we are going to look at Adobe’s results. Its revenue is $5.7B. It grew by +2.5% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +2.3%. Let’s analyze the company’s business in more detail.
Adobe is a global leader in digital media and digital marketing solutions. The company created and owns the rights to the well-known PDF format, which remains the standard among electronic document management formats around the world.
The company’s revenues increased by +11.7% quarter-on-quarter. The revenue growth was driven by increased demand from the Professional Business Users and Marketing Products segments, which grew by 15% and 10%, respectively. The company also bought back approximately 7 million of its own shares during the quarter.
11% of the revenue structure is made up of manufacturing costs, and 89% is gross profit. Over the past quarter, the company earned a profit of +$1.8B. And its market capitalization is $171B.
After the publication of the report, Adobe shares fell by -13.3% to $394 per share. Market participants are dissatisfied with the company’s financial results and reacted negatively to the company’s development prospects.
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
