Adobe Sees 20% Pop in 2019 Revenue
October 17, 2018
executive team discussed the company’s expanded growth
opportunities and strategies across each of its major businesses. As
part of its presentation, Adobe outlined numerous growth drivers and
show research data that the company’s total addressable market has
expanded from approximately $83 billion in 2020 to approximately $108
billion by 2021.
“Our strategy of empowering people to create and transforming how businesses compete is leading to larger addressable market opportunities and the potential for accelerated revenue and earnings growth,” said Shantanu Narayen, president and CEO, Adobe. “Our 2019 growth targets reflect our continued momentum and market leadership.”
Adobe Provides Preliminary FY2019 Growth Targets
At today’s financial analyst meeting, Adobe is providing preliminary growth targets for its fiscal year 2019, which are summarized in the table below.
Adobe expects to report Q4 fiscal year 2018 financial results and provide fiscal year 2019 revenue and earnings per share targets on Dec. 13, 2018. These results and targets are expected to include the impact of the acquisition of Marketo.
Adobe Reaffirms Q4 Revenue and Earnings Targets
As part of its meeting today, Adobe is affirming it is on track to achieve Q4 fiscal year 2018 revenue of $2.42 billion. The Company also stated it is on track to achieve its Q4 earnings per share targets of $1.42 on a GAAP-basis, and $1.87 on a non-GAAP basis, as well as meet other financial metrics it targeted for the quarter. These targets do not reflect the impact of Adobe’s pending acquisition of Marketo.