Adobe: Q1 EPS up 13%

(CercleFinance.com) - Software publisher Adobe reports adjusted EPS (non-GAAP) of $5.
08, with adjusted operating profit of $2.72bn for Q1 2024-25, up 13% and 10% y-o-y respectively.

At $5.71bn, revenues were up 10% (+11% at constant exchange rates). Our continued innovation and diversified go-to-market strategy underpinned a record Q1, CEO Shantanu Narayen said.

Our customer-centric strategy, first-class product portfolio and strong cash flow position position us for long-term sustainable growth and increased market share gains, CFO Dan Durn added.

Adobe confirms annual target ranges of $20.20-$20.50 for adjusted EPS and $23.30bn-$23.55bn for revenues (including $4.95-$5 and $5.77bn-$5.82bn respectively for the current quarter).


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