Adobe Reports AI-Fueled Earnings Beat
Here's our initial take on Adobe's (NASDAQ: ADBE) financial report.In its fiscal second quarter, Adobe reported 11% year-over-year revenue growth to $5.87 billion, which is the company's all-time high for a single quarter. The business generated $2.15 billion in free cash flow for the quarter, an excellent 37% free cash flow margin.Adobe operates its business in two segments: Digital Media and Digital Experience. Digital Media includes Adobe's signature Creative Cloud subscription product (Acrobat, Photoshop, Illustrator, etc.), and Digital Experience includes the company's Experience Cloud that is designed to help businesses manage their customer experiences. Both sides of the business grew at a double-digit year-over-year pace.Continue reading
Here's our initial take on Adobe's (NASDAQ: ADBE) financial report.
In its fiscal second quarter, Adobe reported 11% year-over-year revenue growth to $5.87 billion, which is the company's all-time high for a single quarter. The business generated $2.15 billion in free cash flow for the quarter, an excellent 37% free cash flow margin.
Adobe operates its business in two segments: Digital Media and Digital Experience. Digital Media includes Adobe's signature Creative Cloud subscription product (Acrobat, Photoshop, Illustrator, etc.), and Digital Experience includes the company's Experience Cloud that is designed to help businesses manage their customer experiences. Both sides of the business grew at a double-digit year-over-year pace.
