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Conversion to Abomodell loaded Adobe's annual results

2014-03-21  |  Comebuy News

The transition from the license on the cloud-based Abomodell runs Adobe according to better than expected. At the end of the fourth fiscal quarter 2013 (until November 29) it had 1,439 million creative cloud subscribers, 402,000 more than in the previous quarter according to own. Especially by companies the Abomodell become well accepted, so the Photoshop developer.

According to the last published balance sheet for the fourth fiscal quarter, sales of 1.04 billion dollars within the target window from 1 to 1.05 billion dollars moving. The GAAP earnings amounted to $64,32 million or $0.13 per share (non-GAAP: 0.32 dollars). Thus, Adobe fulfilled the expectations of Wall Street, which expected non-GAAP stock gain of 0.32 dollars and 1.03 billion dollar turnover.

In the full fiscal year, Adobe gained 1.1 million creative-cloud customers. However despite the progress of the realignment, revenue and profits to be desired. The annual revenues declined compared with 2012 of 4.4 to 4.05 billion dollars. The win broke on $290 million or $0.56 per share. Last year, it had booked another $832,78 million or $1.66 per share. Expenditure on research and development increased year on year from $742,8 million to 826,6 million.

Adobe's views of the first fiscal year 2014 is relatively restrained. It expects revenue between $ 950 million and 1 billion and with a share gain of 0.22 0.28 dollars. Analysts had forecast a profit of $0.33 per share.

The transition better than expected on the Abomodell (image: Adobe).

[with material from Larry Dignan, ZDNet.com]

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