[On :freetrade:] Adobe Inc - ADBE

Adobe Inc., commonly known as Adobe (previously Adobe Systems Incorporated), is an American multinational computer software company. The company is headquartered in San Jose, California, United States. Adobe has historically focused upon the creation of multimedia and creativity software products, with a more recent foray towards digital marketing software. It is best known for Photoshop, an image editing software, Acrobat Reader, the Portable Document Format (PDF), and Adobe Creative Suite, as well as its successor, Adobe Creative Cloud.

Definitely a great stock with their multiple computing clouds

I would love for Adobe to be added, definitely a great business!

They have a big moat, with all of their products being the best/most popular in their fields. Introducing a subscription service definitely helped boost their revenues too and most made more consistent/predictable.

Thank you for all for your votes! We’ve now launched US stocks so Adobe is included in our Stock Universe :floppy_disk:

Feel free to create a new #investing-and-markets topic & share your thoughts about Adobe’s future with the community :speech_balloon:

They had their Q1 earnings call on 12 March and for the right reason they are high up my shopping list.

SAN JOSE, Calif. - March 12, 2020 - Adobe (Nasdaq:ADBE) today reported financial results for its first quarter fiscal year 2020 ended Feb. 28, 2020.

First Quarter Fiscal Year 2020 Financial Highlights

Adobe achieved record quarterly revenue of $3.09 billion in its first quarter of fiscal year 2020, which represents 19 percent year-over-year growth. Diluted earnings per share was $1.96 on a GAAP basis, and $2.27 on a non-GAAP basis. Adobe’s earnings per share results factor an expense charge related to the cancellation of corporate events including Adobe Summit due to the COVID-19 situation, which impacted both GAAP and non-GAAP earnings per share by $0.07 in the quarter.
Digital Media segment revenue was $2.17 billion, which represents 22 percent year-over-year growth. Creative revenue grew to $1.82 billion and Document Cloud revenue was $351 million. Digital Media Annualized Recurring Revenue (“ARR”) grew to $8.73 billion exiting the quarter, a quarter-over-quarter increase of $400 million. Creative ARR grew to $7.58 billion, and Document Cloud ARR grew to $1.15 billion.
Digital Experience segment revenue was $858 million, representing 15 percent year-over-year growth.
GAAP operating income in the first quarter was $937 million, and non-GAAP operating income was $1.25 billion. GAAP net income was $955 million, and non-GAAP net income was $1.11 billion.
Cash flow from operations was $1.32 billion.
Remaining Performance Obligation exiting the quarter was $9.91 billion.
Adobe repurchased approximately 2.4 million shares during the quarter.