Adobe Tops Street Views
Adobe reported financial results for its fourth quarter and fiscal year 2018 ended Nov. 30, 2018. In Q4, Adobe achieved record quarterly revenue of $2.46 billion, which represents 23 percent year-over-year growth. In fiscal year 2018, Adobe achieved record annual revenue of $9.03 billion, which represents 24 percent year-over-year growth.
Adobe earned an adjusted $1.83 a share on sales of $2.46 billion in Q4. Not counting its acquisition of Marketo on Oct. 31, Adobe earned $1.90 a share on sales of $2.44 billion. Wall street expected Adobe to report earnings of $1.88 a share on revenue of $2.43 billion.
For Q1, Adobe is looking to earn an adjusted $1.60 a share on revenue of $2.54 billion. But, investors were expecting earnings per share of $1.88 on sales of $2.52 billion.
"Adobe achieved record revenue of
greater than $9 billion and delivered outstanding earnings performance
in fiscal 2018," said Shantanu Narayen, president and CEO, Adobe. "In
2018 we made significant investments across our product portfolio,
entered new markets, and made strategic acquisitions which we believe
will fuel continued top and bottom-line performance.”