Adobe Inc. ($ADBE) Earnings (Q1 FY22)

 Adobe Inc. ($ADBE) Earnings and Opinion:


Adobe Inc. ($ADBE) is a company in the Technology sector and operates in the Software-Infrastructure industry. They operate as a diversified software company worldwide. The company was founded in 1982 and is currently headquartered in San Jose, California. Adobe was first traded on the stock market in 1986. 

Adobe Inc. EPS and Revenue (Q1 FY22):

  • EPS of $3.37 beating expectations of $3.34
  • Revenue of $4.26B beating expectations of $4.23B 
Adobe Inc. Q2 FY22 Outlook:
  • Revenue of $4.34B 
  • EPS of $3.30
  • Adobe halted sales in Russia and Belarus, they said they expect a $75M revenue impact in FY22. 
Opinion:
Adobe Inc. is a company that has been around in the software industry for a while. They are currently trading slightly down after reporting earnings. I think this has to do with cutting ties in Russia and Belarus and the expected revenue drop in doing so. They show a pretty strong expectation for revenue in the next quarter but EPS is expected to come in slightly lower. Adobe reported record revenues in this past quarter, which is an accomplishment for them. They were an industry leader a decade ago, but have lost some steam due to competition entering the field. They have definitely took off in the past couple year (stock price), but have suffered some losses from the end of last year and into the start of this year. This company looks to keep innovating and breaking record revenues to grow. Personally, I have never really looked in-depth at this company. However, I use some of their services for school and personal use, so I understand the importance of the software they provide. This is a great stock to hold, especially for the long-term. I see them continuing to develop their software and create more and more growth with their company.

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