Adobe: Q4 EPS up over 12%

(CercleFinance.com) - On Wednesday evening, Adobe reported adjusted EPS (non-GAAP) of $4.
81 and adjusted operating profit of $2.60bn for Q4 2023-24, up 12.6% and 10.8% respectively year-on-year.

At $5.61bn, revenues were up 11% - both as reported and at constant currencies, with CEO Shantanu Narayen highlighting strong demand and the critical role its cloud offerings play in fueling the AI economy.

Our highly differentiated technology platforms, rapid pace of innovation, diversified go-to-market and integration of our clouds position us for a great year ahead, the graphic software editor added.

With full-year adjusted EPS of $18.42 and revenues of $21.51bn, Adobe has set its sights on target ranges of $20.20-20.50 and $23.30bn-23.55bn for FY 2024-25.


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