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Adobe's first-quarter net profit was 583 million yuan, an increase of 46.5% over the same period of last year

via:博客园     time:2018/3/17 12:01:05     readed:419

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Tencent Technology News, according to foreign media reports, Adobe (Nasdaq: ADBE) today released as of March 2 the first quarter of fiscal year 2018 performance report. According to US Financial Accounting Standards (GAAP), Adobe’s revenue for the first quarter was US$2.08 billion, an increase of 24% from US$1.682 billion in the same period of last year; net profit was US$583 million, compared with 387 million in the same period of last year. The US dollar increased by 46.5%.

First quarter results highlights:

Revenue was US$280 million, compared with US$1.682 billion in the same period of last year, which was a year-on-year increase of 24%. Revenue from subscription services was US$ 1.793 billion, compared with US$ 1.384 billion in the same period of last year; revenue from product business was US$ 171 million, compared with US$ 183 million in the same period of last year; service and support business revenue was US$ 140 million, which was the same period of last year It was ll.14 billion yuan.

Total cost of revenue was US$259 million, compared with US$237 million in the same period of last year. Revenue from subscription services was US$165 million, compared with US$141 million in the same period of last year; revenue from product operations was US$12.88 million, compared with US$14.33 million in the same period of the previous year; service and support business revenue was US$81.34 million. The same period last year was $82.23 million.

Operating profit was US$702 million, compared with US$469 million in the same period of last year. Based on non-US GAAP (Non-GAAP), operating profit was US$817 million, compared with US$608 million in the same period of the previous year.

Net profit was US$583 million, compared with US$398 million in the same period of last year, an increase of 57% year-on-year. Basic and diluted earnings per share were $1.88 and $1.77, respectively, compared with $0.81 and $0.80 for the same period last year.

Based on non-US GAAP, Adobe’s first-quarter net profit was US$772 million, and net profit for the same period of the previous year was US$471 million, a year-on-year increase of 64%. Based on non-US GAAP diluted earnings per share of $1.55, compared with $0.94 in the same period of last year.

Operating highlights:

In the first quarter of fiscal 2018, revenue reached $280 million, a year-on-year increase of 24%, setting a new quarterly revenue record.

Digital media revenue was 1.46 billion yuan, Creative revenue increased to 1.23 billion U.S. dollars, and document Cloud business revenue reached 231 million U.S. dollars.

The annual recurring revenue of digital media business (ARR) increased to US$5.72 billion, the ARR of Creative business grew to US$5.07 billion, and the ARR of the Cloud business grew to US$647 million.

The digital experience partially earned $554.4 million, an increase of 16% over the same period last year.

Operating cash flow was US$990 million, deferred revenue increased by 25% from the same period last year to approximately US$2.77 billion.

Adobe repurchased about 1.6 million shares this quarter and returned $301 million in cash to shareholders.

Performance Outlook:

Adobe estimates total revenue for the second quarter of fiscal year 2018 to be US$2.15 billion, earnings per share of US$1.16, and adjusted earnings per share of US$1.53.

Stock performance:

Adobe shares rose 0.43 US dollars on the Nasdaq Stock Exchange on Thursday, closing at 218.87 US dollars, an increase of 0.20%. In the after-hours trading after the release of the financial report, Adobe's stock price rose by 8.23 ​​US dollars, temporarily reported 227.10 US dollars, an increase of 3.76%. In the past 52 weeks, Adobe's stock price was a maximum of $224.90, with a minimum of $121.53. According to Thursday's closing price, Adobe's market value is about 1080 billion US dollars. (Compiling / Hongyi)

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