Swot Analysis and Adobe Reports Q1 Earnings, Exceeds Expectations.
@Just Do It:
Adobe (ADBE) has reported its Q1 earnings, exceeding expectations with a non-GAAP earnings per share of $3.80, which is $0.12 higher than anticipated. The company’s revenue was $4.66 billion, representing a 9.4% year-over-year increase, surpassing $400 million. The company's remaining performance obligations (RPO) for the quarter were $15.21 billion. The digital media segment generated $3.4 billion in revenue, representing a 9% year-over-year increase, and a 14% increase when calculated at a fixed rate. Creative revenue increased to $2.76 billion, a YoY growth of 8%, and a 13% increase when calculated at a fixed rate. Document Cloud generated revenue of $634 million, a YoY increase of 13%, and a 16% increase when calculated at a fixed rate. The net annualized recurring revenue (ARR) for di