Adobe predicted a slowdown in its growth. Shares fell by 10%
16 December Adobe reported for the fourth quarter of 2021. The results were slightly better than expected., but the company gave a weak outlook for the next quarter. During the day, ADBE shares fell by 10%, to 566 $. Revenue will grow by only 8% Here are the financial results compared to the same quarter last year: revenue — 4.1 billion dollars (+20%); operating profit - 1.5 billion (+24%); net profit - 1.2 billion (−45%). And this is the revenue for the main operating segments: Digital Media - content creation apps like Photoshop and document management apps like Acrobat Reader - $3 billion (+21%); Digital Experience - analytical services, that help other companies increase sales, - billion dollars (+23%). Net income almost doubled, because Adobe received a billion dollar tax deduction a year ago. And here is the adjusted profit, which does not take into account such articles, grew by 13%, up to 1.5 billion dollars. The company also gave a revenue forecast for the next quarter and fiscal year 2022.. It came out worse than analysts expected.: first quarter of 2022 — 4,23 vs$4.34 billion; 2022 year - 17.9 against 18.16 billion dollars. Adobe explained this forecast by, that the first quarter of fiscal year 2022 will be a week shorter, than in 2021. As a result, revenue in the Digital Media and Digital Experience segments will not increase by 17 And 18%, as was expected, and only on 8 And 11% compared to the first quarter of 2021. Revenue and forecast for the next quarter, млн долларов 1к2021 3905 (+26%) 2к2021 3835 (+23%) 3к2021 3935 (+22%) 4к2021 4110 (+20%) 1к2022 4230 (+8%) 3905 (+26%) Что с акциями Будущее замедление роста не понравилось инвесторам, that's why Adobe's stock has fallen so much. Это третье значительное снижение …
Adobe predicted a slowdown in its growth. Shares fell by 10% Read more