Adobe Inc

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Other Pre-Announcement

Adobe Reports Record Revenue In Q1 Fiscal 2022

Published: 03/22/2022 20:35 GMT
Adobe Inc (ADBE) - Adobe Reports Record Revenue in Q1 Fiscal 2022.
Q1 Revenue Rose 9 Percent to $4.26 Billion.
Q1 GAAP Earnings per Share $2.66.
Q1 Non-GAAP Earnings per Share $3.37.
Q1 Earnings per Share View $3.34, Revenue View $4.24 Billion -- Refinitiv Ibes Data (analyst estimates).
Sees Total Revenue About $4.34 Billion for Q2.
Reducing Its Digital Media Arr Balance by $75 Million, Which Represents All Arr for Existing Business in Russia and Belarus.
Will Continue to Provide Digital Media Services in Ukraine.
Reduced Arr by an Additional $12 Million, Which Represents Its Entire Digital Media Business in Ukraine.
Expected Revenue Impact of $75 Million for Fiscal Year 2022 From War in Ukraine.
Sees Earnings per Share GAAP About $2.44 for Q2.
Q2 Earnings per Share View $3.35, Revenue View $4.41 Billion -- Refinitiv Ibes Data (analyst estimates).
Sees Q2 2022 Non-GAAP Earnings per Share About $3.30.