“Given Adobe's year-to-date performance and our Q4, we are clearly on track to exceed our updated annual targets for fiscal 2021 provided in March.”

In context

“nted in December 2020, Q4 targets factor current macroeconomic conditions, and typical year-end seasonal strength, including an expected increase in back-to-school spending and year-end enterprise licensing strength. Total Adobe revenue of approximately $4.07 billion, digital Media segment revenue growth of approximately 20% year-over-year, net new digital media ARR, of approximately $550 million digital experienced segment revenue growth of approximately 22% year-over-year. Digital experienced subscription revenue growth of approximately 26% year-over-year, a tax rate of approximately 17% on a GAAP basis and 16% on a non-GAAP basis. the share count of approximately 480 million shares, GAAP earnings per share of approximately $2.52, and non-GAAP earnings per share of approximately $3.18. Given Adobe's year-to-date performance and our Q4, we are clearly on track to exceed our updated annual targets for fiscal 2021 provided in March. With the massive opportunities across creativity, digital documents, and customer experience management, we continue to invest and drive strong business results. I will now turn the call over to the operator to take your questions. Operator: Thank you. [Operator Instructions].We'll take our first question from Alex Zukin with Wolfe Research. Alex Zukin: Hey guys, thanks for taking the question. Maybe just -- can we double-click on the seasonality commentary in the quarter? Because if we look at the beat versus guidance on net new digital media ARR, it looks, at the same time you had the weakest beat, but then the strongest guide in the last three years, which kind of speaks to and confirm some of those seasonality comments that you made. But can we just dive in to get a better sense of e”