A little more on Adobe: Free cash flow was $261.8M, well above net income of $178M. Marketing...


A little more on Adobe: Free cash flow was $261.8M, well above net income of $178M. Marketing Cloud (online ad tech) revenue +20% Y/Y to $215M (21% of total). Digital Media revenue -5% Y/Y and digital marketing +1%, both affected by shift to subscriptions. EMEA was soft, -10% Y/Y. Americas -1%, Asia -1%. Opex +16% Y/Y thanks to cloud software investments. Gross margin was 84.4%, -530 bps Y/Y (due to cost of supporting cloud services). Paid Creative Cloud subs have passed 500K this quarter, free/trial users are above 2M.

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  • Herr Hansa
    , contributor
    Comments (3130) | Send Message
     
    I know the idea is to keep pushing the subscription services, but I think their execution could be vastly improved. Most of their software is just too buggy for the price end users pay, even if they do updates as part of the subscription. Some rethinking of the subscriber options may change that, if Adobe change policies in that direction.

     

    http://seekingalpha.co...
    19 Mar 2013, 06:27 PM Reply Like
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