Adobe Inc

ADBE

Equity

ISIN US00724F1012 / Valor 903472

NASDAQ (2024-11-22)

USD 512.15+1.53%

Adobe Inc
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About company

Adobe Inc., a pioneering company in the digital software industry, has significantly shaped the landscape of digital creativity, document management, and digital marketing solutions over its 40-year history. The company is renowned for its comprehensive suite of products that cater to a wide range of users, from individual creatives and students to small businesses and large enterprises. Adobe's flagship offerings include the Adobe Creative Cloud, a collection of tools and services for digital content creation; Adobe Document Cloud, which facilitates document productivity and management; and Adobe Experience Cloud, designed to empower businesses with end-to-end digital marketing solutions. Additionally, Adobe is at the forefront of integrating artificial intelligence into its products through Adobe Sensei and Adobe Firefly, enhancing user experience with features that boost efficiency, creativity, and personalization. This strategic focus on innovation and AI underscores Adobe's commitment to driving the future of digital experiences.

Summarized from source with an LLMView SourceSector: Technology

Record Revenue

Adobe Inc. reported record revenue of $5.31 billion for the second quarter of fiscal year 2024, which ended on May 31, 2024. This represents a 10 percent year-over-year growth, or 11 percent in constant currency. The growth was driven by strong performance across Creative Cloud, Document Cloud, and Experience Cloud.

Earnings Per Share

For the second quarter of fiscal year 2024, Adobe Inc. reported diluted earnings per share of $3.49 on a GAAP basis and $4.48 on a non-GAAP basis. This reflects the company's strong financial performance and effective cost management during the quarter.

Operating Income

Adobe Inc.'s GAAP operating income for the second quarter of fiscal year 2024 was $1.89 billion, while non-GAAP operating income was $2.44 billion. This indicates robust operational efficiency and profitability for the company during the quarter.

Net Income

In the second quarter of fiscal year 2024, Adobe Inc. achieved a GAAP net income of $1.57 billion and a non-GAAP net income of $2.02 billion. This strong net income performance underscores the company's ability to generate substantial profit from its operations.

Cash Flow and Share Repurchase

Adobe Inc. reported cash flows from operations of $1.94 billion for the second quarter of fiscal year 2024. Additionally, the company repurchased approximately 4.6 million shares during the quarter, reflecting its commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

-17.4%1Y

-24.0%3Y

71.1%5Y

Performance

34.2%1Y

38.9%3Y

38.4%5Y

Volatility