Adobe Reports USD 4.8 Billion in Revenue for Q2 FY 2023, a 9.8% YoY Increase
June 26, 2023
☀️Earnings Overview
Adobe Inc ($NASDAQ:ADBE). reported a total revenue of USD 4.8 billion and a net income of USD 1.3 billion for the second quarter of their Fiscal Year 2023, ended May 31 2023. This was a 9.8% and 10.2% year-on-year increase respectively, which were announced on June 15 2023.
Analysis
GoodWhale has conducted an analysis of ADOBE INC‘s financial and business fundamentals. Based on this analysis, they have rated ADOBE INC as a low risk investment. This rating is based on factors such as the company’s financial health, business operations, and market performance. GoodWhale also detected one risk warning in the company’s balance sheet. This warning indicates the possibility of a possible future financial issue. However, GoodWhale suggests that potential investors become registered users to further explore the risk warning and gain a deeper understanding of the company’s financial position. Overall, GoodWhale has concluded that ADOBE INC is a low risk investment. Although there is a risk warning present, GoodWhale encourages potential investors to become registered users and further research the details of the warning before making any decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Adobe Inc. More…
| Total Revenues | Net Income | Net Margin |
| 18.43k | 4.85k | 26.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Adobe Inc. More…
| Operations | Investing | Financing |
| 7.86k | 306 | -6.07k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Adobe Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 27.84k | 13k | 32.35 |
Key Ratios Snapshot
Some of the financial key ratios for Adobe Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.2% | 18.0% | 34.4% |
| FCF Margin | ROE | ROA |
| 40.3% | 27.3% | 14.2% |
Peers
Adobe Inc is a leading software company that offers a range of products, including Creative Cloud, Photoshop, and Acrobat. Its main competitors are Crowd Media Holdings Ltd, Creative Realities Inc, and PT Solusi Sinergi Digital Tbk.
– Crowd Media Holdings Ltd ($ASX:CM8)
Crowd Media Holdings Ltd is a social media and technology company. The company has a market cap of 15.12M as of 2022 and a Return on Equity of -36.63%. The company enables brands and celebrities to connect with their fans and followers through social media. The company also provides technology solutions for social media marketing and management.
– Creative Realities Inc ($NASDAQ:CREX)
Creative Realities, Inc. is a digital customer engagement company that designs, develops, and sells customer engagement solutions in the retail, hospitality, and museums and exhibitions markets worldwide. The company offers a portfolio of customer engagement solutions, including AReality, a cloud-based content management system that provides users with the ability to create, manage, and deliver content to AR/VR devices; and InReality, an AR/VR platform that enables users to create, manage, and deliver AR/VR experiences. It also provides turnkey systems integration services. The company was formerly known as Creative Realities, LLC and changed its name to Creative Realities, Inc. in July 2015. Creative Realities, Inc. was founded in 2010 and is headquartered in New York, New York.
Creative Realities Inc has a market cap of 12.84M as of 2022 and a Return on Equity of 9.18%. The company offers a portfolio of customer engagement solutions, including AReality, a cloud-based content management system that provides users with the ability to create, manage, and deliver content to AR/VR devices; and InReality, an AR/VR platform that enables users to create, manage, and deliver AR/VR experiences. It also provides turnkey systems integration services.
– PT Solusi Sinergi Digital Tbk ($IDX:WIFI)
In 2022, PT Solusi Sinergi Digital Tbk had a market capitalization of 410.06 billion Indonesian rupiah and a return on equity of 23.38%. The company provides digital printing, document management, and other related services in Indonesia.
Summary
ADOBE INC‘s second quarter of Fiscal Year 2023 saw strong financial performance, with total revenue increasing 9.8% year-on-year to USD 4.8 billion, and net income rising 10.2% to USD 1.3 billion. The results announced on June 15 2023 were seen as a positive sign for investors, indicating continued growth and a healthy outlook for the company. The earnings report was encouraging for shareholders, and analysts believe that ADOBE INC is well-positioned for continued financial success in the coming quarters.
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