Adobe Releases 2Q Cash Results 2021 of the year

Adobe software development company (Nasdaq: ADBE) released monetary figures for the 2nd quarter 2021 of the year:

• revenue increased by twenty-three percent, to 3,84 billion dollars;
• sales in the Digital Media sector increased by twenty-five percent, to 2,79 billion, and in the Digital Experience sector - by twenty-one percent, to 0,94 billion;
• operating profit increased by thirty-eight percent, to 1,41 billion;
• net profit increased by one and a half percent, to 1,12 billion, and net profit before taxes by thirty-nine percent, to 1,39 billion;
• operating foreign exchange flow added sixty-eight percent to 2 billion.

And here are Adobe's Q3 sales management expectations:

• revenue - 3,88 billion dollars, twenty percent increase;
• sales growth in the Digital Media and Digital Experience sectors by 22 and twenty one percent.

Digital Media and Digital Experience are the main business segments of the company. In total Adobe there are three of them:

• Creative Cloud — desktop and phone programs for working with photos, video, sound and almost everything else. Popular applications: Photoshop, Premiere, Illustrator. This also includes various cloudy services.: cloudy storage, teamwork tools, etc..
• Document Cloud - desktop, mobile and web applications for working with documents: Acrobat, Sign, Scan and a set of PDF converters.
• Digital Experience. Cloudy solutions and tools specialists for business: management, optimization and earnings of cooperation of companies with their consumers. Adobe Customers - Marketers, advertising agencies, data scientists, developers and many more.

Publishing and Advertising. Services for various publishers and media, as well as a set of tools for setting up targeted advertising.

After the publication of the report on the postmarket, Adobe shares rose by 2,7%, with 551 to 566 $, - this is a historical maximum. Given the market capitalization of 264 billion dollars, the company is not cheap: 18 annual proceeds and 47 profits. According to analysts, upside potential for Adobe shares in the next 12 no months. Consensus forecast - 570 $ per share.

Adobe Q2 Revenue by Segment, million dollars

Adobe's second quarter revenue by product, million dollars

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