Adobe (NASDAQ:ADBE) Full Year 2023 Results

Key Financial Results

• Revenue: US$19.4b (up 10% from FY 2022).
• Net income: US$5.43b (up 14% from FY 2022).
• Profit margin: 28% (up from 27% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: US$11.88 (up from US$10.13 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Adobe EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%.

The primary driver behind last 12 months revenue was the Digital Media segment contributing a total revenue of US$14.2b (73% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to US$5.35b (46% of total expenses). Explore how ADBE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 4.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Adobe's balance sheet and an in-depth analysis of the company's financial position.

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