Adobe Systems beats by $0.02, reports revs in-line; co has yet to guide :
- Reports Q4 (Nov) earnings of $0.62 per share, excluding non-recurring items,$0.02 better than the Capital IQ Consensus of $0.60; revenues rose 21.7% year/year to $1.31 bln vs the $1.3 bln Capital IQ Consensus.
- Digital Media Annualized Recurring Revenue grew to $2.99 billion exiting the quarter, an increase of $350 million.
- Creative ARR grew to $2.60 billion, an increase of $310 million driven by enterprise adoption and the addition of 833 thousand net new individual and team Creative Cloud subscriptions.
- Adobe Marketing Cloud achieved revenue of $352 million with strong bookings growth and a stronger-than-expected shift in customer adoption to SaaS-based solutions.
- Year-over-year operating income grew 58% and net income grew 59% on a non-GAAP basis.
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