Shares of Adobe Systems, which rose to 76% over the past 12 months, increased by 2.8% after the announcement of a strong 3rd quarter, traditionally considered seasonally weak.
“Adobe has demonstrated the best third quarter in our history,” said Shantanu Narayen, president and CEO of Adobe. “We are confident that our leadership in digital services tools, document management and customer service will contribute to further development of the company in 2020 and beyond.”
“Usually the third quarter is seasonally weaker for us, but small businesses and educational institutions have increased demand for digital tools during the pandemic,” – said MarketWatch, CFO of the Adobe John Murphy.
Murphy noted “outstanding” sales of Creative Cloud and Document Cloud, growth in annual recurring revenue from Digital Media (ARR), Digital Experience, increase revenue from subscriptions and record operating cash flows.
Adobe announced the increase in earnings per share by 25% to $ 2.57, which is $ 0.16 better than the analyst estimate of $ 2.41. The company’s net income amounted to $ 955 million.
Total quarterly profit rose from 14% to $ 3.23 billion, which is also higher than the analytical estimate of $ 3.16 billion.
Digital Media revenue, which includes products such as Photoshop, Creative Cloud and Document Cloud, grew from 19% to $ 2.34 billion, while Creative Cloud revenue grew 19% to $ 1.96 billion and Document Cloud – by 22% to $ 375 million.
Annual recurring revenue from Digital Media (ARR) at the end of the 3rd quarter increased by 24% (compared to last year).
Digital Experience segment revenue was $ 838 million, at the same time, revenue from subscriptions to Digital Experience increased by 7% to $ 729 million.
Adobe said it bought about 1.5 million shares during the reporting quarter.
Компанія Adobe представила підсумки третього кварталу свого 2020 фінансового року. Квартальні продажі зросли на 14% в річному вимірі до $3,23 млрд (були $2,83 млрд). Аналітики очікували показник в межах $3,16 млрд. Чистий прибуток досяг майже мільярда – $955 млн, при тому що рік тому за той же період був $793 млн. За заявою Adobe підписки […]
Акції Adobe відновили своє зростання після падіння в лютому і березні на тлі початку спалаху пандемії COVID-19, досягнувши в середу історичного максимуму в $ 409,98 за акцію, ринкова капіталізація зросла до $ 190 млрд. У четвер на тлі квартального звіту і загального сильного падіння ринку акції Adobe знизилися на 4,71%. Індекс Nasdaq 100, до якого […]
A few days ago the official Facebook-community of one of the Ukraine’s largest shopping clubs LeBoutique was unavailable. The community is quite popular; about 35 000 users signed for the page. As reported in AIN.UA shopping club, the community was blocked by administration of the social network for the use of someone else’s trademark. The […]
Next
Due to the elimination of corruption patterns in the energy sector, the State Treasury has saved 140 billion UAH. On this figure notified the head of the government of Ukraine Volodymyr Hroisman in an interview to the national news agency Ukrinform. According to the Prime Minister the compensations for Naftohaz and LMKP Teplokommunenergo were hundreds […]
Next
Last winter two well-known manufacturers of technique went to court with counter-accusations of patent infringement. Apple representatives accused their Swedish competitors in the application of technologies in the transmission network, the Swedes responded by suing a counter statement in which it accused Apple of using of their cellular technologies in the production of its equipment. […]
Next
Yesterday it took place a press conference with the top management of the group companies WOG, where it were voiced the plans of the largest oil trader and retailer of coffee for 2017. Also, the results of the past year were reviewed. CEO of Business Serhiy Koretskyi, together with the director of retail sales Kudin […]
Next
In the second quarter of 2020, China’s economy grew after a historic downturn in the previous three months. This was reported by Interfax with reference to the State Statistical Office of China on Thursday, June 16. Thus, China’s GDP in April-June increased by 3.2% compared to the same period last year. The recovery was caused […]
Next
The new Syrian government has signed an agreement with a company from the United Arab Emirates (UAE) that will invest $800 million in the modernisation of the port of Tartus, which was previously leased by Russia. This was reported yesterday by Reuters. It is stated that yesterday, on 13 July, the General Directorate of Land […]
Next
ByteDance’s valuation exceeded $ 250 billion, based on the value of shares in the secondary market, according to Bloomberg. The Chinese company’s share price has risen sharply in recent weeks as investors show more interest in ByteDance’s business, and its founder Zhang Ying is considering an IPO, the agency said. According to the analytical company […]
Next
The deputies of the Verkhovna Rada of Ukraine (VRU) supported in the second reading a bill amending the law on the abolition of mandatory state registration of foreign investments. For document №2763 on Tuesday, May 31 voted 259 MPs with the required minimum of 226 votes. This bill will help to create the conditions to […]
Next
The owner and president of DCH Oleksandr Yaroslavsky is ready to attract $ 1 billion in investments in the restoration of the Kharkiv Aviation Production Enterprise. This statement is published on the official website of the DCH. “The DCH Group is ready to take responsibility for the resumption of domestic aircraft construction and raise $ […]
Next
The computer system of the American medical company Universal Health Services, which has a membership of over 400 medical institutions, has become the object of attack by hackers that demand the ransom. This was reported by CNBC, citing sources from the company’s employees. According to the TV channel, computers in the various institutions of the […]
Next
The share of the ruble in payments for Russian exports reached a record 55.5% in June, according to the Russian Central Bank. For the first time on a quarterly basis, the ruble’s share in export settlements exceeded half, standing at 53.3%, The Moscow Times reports. An estimated 40% of this increase stems from the need […]
Next
The attractiveness of Ukraine for many foreign investors has been very high and still remains so. However, due to a number of circumstances, the business climate is not yet conducive to the inflow and growth of investment. The main investors in Ukraine are the Netherlands, Germany, the Russian Federation, Austria, the United Kingdom, the British […]
Next
By 2024, more than 300 branches of Privatbank will be closed; more than six thousand employees will be fired. Such measures are spelled out in the financial institution’s development strategy approved by the Cabinet of Ministers. It is noted that the bank should leave 1250 branches (according to data for 2020, 1688 of them), and […]
Next
The Ukrainian “KVV group” put in dead storage its Liepajas KVV metalurgs plant in Latvia because of the crisis in the steel industry and the failure of the negotiations with the Latvian government. “The management of the ” KVV group” forced to take this decision in view of the continuing long-term negative factors, that impede […]
Next
Indian oil refining company Nayara Energy, in which Rosneft holds a 49.13% stake, has announced the start of legal proceedings against Microsoft. The move comes after the U.S. tech giant “suddenly and unilaterally” cut off Nayara’s access to key services, Bloomberg reports, citing a company statement. “Microsoft is currently restricting Nayara Energy’s access to its […]
Next
The TMT Investments Company has sold a 7.1% stake in the Depositphotos company to the private European investor, whose name was not disclosed. The deal amounted to $ 5.85 million. Thus, the overall assessment of the Ukrainian company, according to the terms of this transaction, is approximately $ 82 million. TMT will use the proceeds […]
Next
