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Adobe Tops Street Views

December 14, 2018

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.”

“We finished the year strong with record results across the board, meeting or exceeding all of our annual and quarterly targets which did not include Marketo,” said John Murphy, executive vice president and CFO, Adobe. “We’re excited to add Marketo and the expanded market opportunity it provides. We look forward to delivering strong revenue growth, accelerating earnings growth and healthy margin expansion during fiscal 2019.”

Adobe acquired Marketo, Inc. on Oct. 31, 2018, which added approximately $21 million of revenue in the fourth quarter. This press release provides key financial information with and without the impact of the Marketo transaction to enable evaluation of the Company’s performance based on financial targets provided before the acquisition.

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