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Adobe Systems Incorporated (ADBE)

  • Mar. 19, 2013, 4:39 PM
    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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  • Mar. 19, 2013, 4:34 PM
    More on Adobe: FQ2 guidance is for revenue of $975M-$1.025B and EPS of $0.29-$0.35 vs. consensus of $1.02B and $0.34. FY13 guidance is for revenue of $4.1B and EPS of $1.45 vs. consensus of $4.12B and $1.41. Paid Creative Cloud subs +153K Q/Q to 479K, annual recurring revenue +$80M to $233M. That helped deferred revenue rise 13% Q/Q to $700M. 31% of FQ1 revenue recurring (was 26% in FQ4). ADBE +6% AH to new 52-week highs. CC at 5PM ET (webcast). (PR) (datasheet) (slides/remarks)
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  • Mar. 19, 2013, 4:08 PM
    Adobe Systems (ADBE): FQ1 EPS of $0.35 beats by $0.04. Revenue of $1.008B (-4% Y/Y) beats by $22M. Shares +5.5% AH. (PR)
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  • Mar. 19, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: ADBE, CTAS, FRAN, TRQ, WSM
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  • Mar. 18, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: ADBE, CTAS, FRAN, TRQ, WSM
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  • Mar. 13, 2013, 6:46 PM
    In a sign of the times, Adobe (ADBE) is ending boxed sales of its flagship Creative Suite. The product will only now be available via online downloads and (of course) the subscription-based Creative Cloud platform. Much like Microsoft with Office, Adobe has gone out of its way to encourage it Creative Suite base to migrate to cloud subscriptions. FQ1 results arrive on Tuesday.
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  • Mar. 11, 2013, 2:31 PM
    Google (GOOG) remains persona non grata on Facebook's (FB) FBX ad exchange, which delivers ads to users based on browsing activity. Facebook, which just stepped up its challenge to Google's display ad lead by purchasing Microsoft's Atlas platform, has granted AOL (previous), Adobe (ADBE), and other online ad players access, but DoubleClick Bid Manager, used by dozens of top ad buyers, isn't so lucky. However, AdWeek reports Facebook and Google continue to talk, and the former simply wants to "keep Google from comparing the quality of its inventory" with Facebook's.
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  • Mar. 9, 2013, 5:16 PM
    Tablet Web traffic has eclipsed smartphone Web traffic, says Adobe (ADBE), which is making mobile a big part of its online ad tech push. With tablet growth rates still well above smartphone growth rates, expect this gap to widen. The gap is a mixed blessing for Google (GOOG): with the iPad's share of tablet traffic much higher than the iPhone's share of smartphone traffic, Google's iPad search revenue-sharing payments to Apple are bound to be steep. But tablet ad prices are higher thanks to superior conversion rates, and could soon approach PC levels.
  • Jan. 18, 2013, 5:58 AM
    Judge Lucy Koh yesterday ordered Tim Cook to testify in a lawsuit over whether Apple (AAPL), Google (GOOG) and other hi-tech companies breached antitrust laws by agreeing not to try to poach each others' employees. Erich Schmidt is also due to appear in the trial, as is Intel's (INTC) Paul Otellini. Lawyers for the five plaintiffs in the case reckon that damages could reach hundreds of millions of dollars.
  • Dec. 21, 2012, 12:29 PM
    Adobe (ADBE -0.3%) paid ~$150M to acquire digital artwork/portfolio-sharing site Behance, a "well-placed source" tells GigaOm. TechCrunch points out Behance also handles the portfolio-sharing features of thousands of other sites, and that the company mentioned in May 20K projects were being added to its site every week.
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  • Dec. 20, 2012, 5:43 PM
    Adobe (ADBE) is acquiring Behance, owner of a popular site for discovering and sharing digital artwork. Behance has over 1M members (many of them doubtlessly Adobe buyers), and complements Adobe's fast-growing Creative Cloud, which just received a big update. Like Autodesk, Adobe is trying to make social networking features a big part of its cloud migration efforts. (PR) (more)
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  • Dec. 14, 2012, 9:10 AM
    Premarket gainers: ALXA +18%. ALU +10%. TIVO +5%. ADBE +5%.
    Losers: CYTX -15.66%. CNC -8%. BBY -8%. PAY -7%. ISIS -6%. FBR -5%.
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  • Dec. 13, 2012, 5:37 PM
    After-hours top gainers, as of 5:15 p.m.: ADBE +5%. SCVL +2%. GWAY +2%. ONNN +2%. AVGO +2%.
    After-hours top losers: ZQK -14%. CYTX -13%. VGZ -9%. PAY -6%. TSON -6%.
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  • Dec. 13, 2012, 5:08 PM
    More on Adobe: Subscriptions rose to 17% of sales in FQ4. The company expects to exit FY13 with ~125M free and paid Creative Cloud subs, and with the business on a $685M annual run rate. The digital marketing business, which has seen a slew of acquisitions, is expected to post 25% bookings growth and 20% revenue growth in FY13. Its sales rose only 8% Y/Y in FQ4 thanks to slumping LiveCycle/web conferencing sales.
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  • Dec. 13, 2012, 4:57 PM
    Adobe (ADBE) +5.2% AH after resuming trading following its FQ4 beat. Deferred revenue rose by $59.3M Q/Q to $619.6M, reversing an FQ3 decline. Creative Cloud subs were added at a rate of 10K/week (up from FQ3's 8K/week), as implied by recent figures. Thanks to a shift to subscription sales, FQ1 guidance (in prepared remarks) is for revenue of $950M-$1B and EPS of $0.26-$0.32, below a consensus of $1.07B and $0.56. And FY13 guidance is for revenue of $4.1B and EPS of $1.40, below a consensus of $4.35B and $2.31. CC at 5PM ET (webcast). (datasheet) (PR)
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  • Dec. 13, 2012, 4:04 PM
    Adobe (ADBE): FQ4 EPS of $0.61 beats by $0.05. Revenue of $1.15B (flat Y/Y) beats by $50M. Shares halted. (PR)
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Company Description
Adobe Systems Inc offers a line of software and services used by creative professionals, marketers, developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling operating systems.
Sector: Technology
Country: United States