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Adobe Systems Inc. Message Board

  • bluecheese4u bluecheese4u Dec 13, 2012 7:59 PM Flag

    Adobe Reports Record Quarterly and Annual Revenue

    Adobe Reports Record Quarterly and Annual Revenue

    Company Drives Strong Adobe Creative Cloud and Adobe Marketing Cloud Adoption in Fiscal 2012

    SAN JOSE, Calif. — Dec. 13, 2012 — Adobe Systems Incorporated (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year ended Nov. 30, 2012.
    Adobe achieved revenue in Q4 FY2012 of $1.153 billion, exceeding its targeted range of $1.075 billion to $1.125 billion. During the quarter, the Company continued to accelerate adoption of Adobe® Creative Cloud™ as it migrates to a subscription model. Adobe also achieved record Adobe Marketing Cloud and Document Services revenue during the fourth quarter.
    For fiscal year 2012, Adobe achieved record revenue of $4.4 billion.

    Fourth Quarter Financial Highlights
    • Diluted earnings per share were $0.44 on a GAAP-basis, and $0.61 on a non-GAAP basis.
    • Operating income was $307.8 million and net income was $222.3 million on a GAAP basis. Operating income was $414.7 million and net income was $307.9 million on a non-GAAP basis.
    • Cash flow from operations was $473.7 million.
    • Deferred revenue grew by $59.3 million to a record $619.6 million.
    • Adobe added approximately 10,000 Creative Cloud subscriptions per week during the quarter, versus the addition of 8,000 subscriptions per week in the third quarter.
    • In Document Services, which includes the Adobe Acrobat product family, Adobe also achieved record revenue of $210.2 million during the quarter.
    • Adobe Marketing Cloud achieved record quarterly revenue of $220.4 million, which represents 32 percent year-over-year growth.
    A reconciliation between GAAP and non-GAAP results is provided at the end of this press release.
    Fiscal Year 2012 Financial Highlights
    • Adobe achieved record revenue of $4.404 billion. Annual GAAP diluted earnings per share for fiscal 2012 were $1.66, and annual non-GAAP diluted earnings per share were $2.35.

    adobeDOTcom/aboutadobe/pressroom/pressreleases/pdfs/201212/Q412Earnings.pdf

    Q4 and FY12 earnings call script and slides
    adobe

    Q4 and FY12 investor datasheet
    adobe

    URLs at talkstock

 
ADBE
72.70+0.08(+0.11%)Jul 28 4:00 PMEDT

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