Adobe reported the weakest revenue growth since 2015 of the year

Adobe отчиталась о самом слабом росте выручки с 2015 года

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 отчиталась о самом слабом росте выручки с 2015 года

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%)
  Continuing yesterday's shock

3905 (+26%)

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