Adobe stock gains after easy F_老虎社区_美港股上老虎

2021-06-18

Adobe stock gains after easy FQ2 beats, upside guidance

Jun. 17, 2021 4:17 PM ET

By: Brandy Betz, SA News Editor

Adobe (NASDAQ:ADBE) shares are up nearly 2% after hours following fiscal Q2 beats with revenue up 23% Y/Y to $3.84B and EPS of $3.03, which was $0.21 ahead of estimates.

Digital Media revenue was up 25% to $2.79B. Creative sales increased 24% to $2.32B. Document Cloud revenue was up 30% to $469M.

Digital Experience sales grew 21% to $938M with subscription revenue up 25% to $817M.

Cash flows from operations totaled a record $1.99B.

RPO exiting the quarter was $12.23B, up 23%.

For Q3, the company expects revenue of $3.88B (consensus $8.83B) and EPS of about $3 (consensus: $2.90). Digital Media revenue is expected to grow 22% Y/Y and Digital Experience to increase 21%.

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