Revenue from Digital Media is expected to grow 19%, Digital Experience is expected to grow 19%, and Digital Experience subscription is expected to grow 22%.ĭuring the quarter, Adobe announced the acquisition of Utah-based Workfront for an estimated $1.5 billion. The market was looking for revenues of $3.51 billion with an EPS of $2.60.įor the year 2021, Adobe expects revenues of $15.15 billion and non GAAP EPS of $11.20. Digital Experience segment ended the year with $3.40 billion driven by 17% growth in subscription bookings.Īdobe expects to end the first quarter with revenues of $3.04 billion with non GAAP EPS of $2.23. Digital Media segment revenue was $9.32 billion, with Creative and Document Cloud at $7.74 billion and $1.50 billion, respectively. Creative ARR grew to $8.72 billion, and Document Cloud ARR grew to $1.46 billion.Īdobe ended the fiscal year 2020 with a record annual revenue of $12.87 billion, up 15% and non GAAP EPS was $10.10. Revenue from the Digital Experience segment was $877 million.ĭigital Media Annualized Recurring Revenue (ARR) grew to $10.18 billion exiting the quarter, a q-o-q increase of $548 million. Adjusted EPS of $2.81 also beat analyst estimates of $2.25.īy segment, revenue from the Digital Media segment grew 20% to $2.50 billion with Creative revenue growing to $2.08 billion and Document Cloud growing to $411 million. The company continues to drive acquisitions and product innovations to address a $147 billion total addressable market opportunity.Īdobe’s fourth quarter revenues grew 14% to $3.42 billion, ahead of the market’s estimates by 1.91%.

Adobe (NASDAQ: ADBE) recently reported its quarterly results that outpaced market expectations.

Adobe to acquire workfront