Adobe Systems Beats
Adobe Systems ( ADBE ) reported 1st Quarter February 2021 of $3.12 per share on revenue of $3.9 billion. The consensus estimate was $2.79 per share on revenue of $3.8 billion. The Whisper number was $2.85 per share. Revenue grew 26.3% on a year-over-year basis.
The company said it expects second quarter non-GAAP of approximately $2.81 per share on revenue of approximately $3.72 billion. The current consensus estimate is $2.70 per share on revenue of $3.70 billion for the quarter ending May 31, 2021. The company also said it now expects fiscal 2021 of approximately $11.85 per share on revenue of approximately $15.45 billion. The company’s previous guidance was of approximately $11.20 per share on revenue of approximately $15.15 billion and the current consensus estimate is $11.26 per share on revenue of $15.20 billion for the year ending November 30, 2021.
Adobe Systems Inc offers a line of software and services used by creative professionals, marketers, developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling operating systems.