Adobe reported the weakest revenue growth since 2015 of the year

Adobe reported the weakest revenue growth since 2015 of the year

22 March Adobe reported for the first quarter of 2022, which ended 4 Martha. The results were slightly better than expected., but the forecast for the current quarter fell short of analysts' estimates.

results

Adobe's first fiscal quarter this year was a week shorter., than in the past. Therefore, the company counted sales year-on-year twice - with and without correction.. Here's what happened:

  • Digital Media – Applications like Photoshop, Illustrator and Acrobat – $3.1 billion; fact — +9%, with the amendment — +17%;
  • Digital Experience – Analytics Services for Customization of Advertising and Sales – $1.1 Billion; fact — +13%, with the amendment — +20%;
  • total quarterly revenue of $4.3 billion; fact — +9%, with the amendment — +17%.

As actual revenue increased weakly, profit growth also slowed down:

  • operating — $1.6 billion — +9%;
  • pre-tax — $1.5 billion — +8%;
  • net — $1.3 billion — +0%.

Forecast

For at least the second quarter in a row, Adobe gives a forecast below expert expectations. Here's what the company and analysts are counting on in the current, second quarter of 2022:

  • total quarterly revenue of $4.34 billion; analysts — $4.4 billion;
  • adjusted earnings per share — 3,3 $, analysts — 3,35 $.

And Adobe reminded, what 4 March stopped selling its products in Russia and Belarus. According to the company's estimates, in 2022, it will lose $ 75 million in revenue.. This 0,4% from those $18 billion, that Adobe wants to earn this year.

Promotions

According to Finviz, Adobe's sales in the last five years have increased by an average of 22%. Now revenue growth drops to 10-15%. This fact, and tightening policies FED stimulate investors to sell shares of the company.

So, in November 2021, Adobe's shares were at the maximum cost 700 $, a P relation / S — capitalization to sales — was 22. Since then, the company's securities have fallen by 33%, a P relation / S = approximately up to 14, that is still a lot.

At the post-market after the report, Adobe papers fell in price even by 3%, to 454 $.

Adobe reported the weakest revenue growth since 2015 of the year

Adobe's quarterly revenue and current quarterly forecast, million dollars

1к2021 3905 (+26%)
2к2021 3835 (+23%)
3к2021 3935 (+22%)
4к2021 4110 (+20%)
1к2022 4260 (+9%)
2к2022 4340 (+13%)
  Трейдинг и покер

3905 (+26%)

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