CLAIM #3918 · Adobe Systems Incorporated (ADBE) · 2021Q3 earnings call · Sep 21, 2021 · due Dec 31, 2021
“we had originally, I think said something like Workfront will do a 140. You're a 150 million in revenue for FY 21. And then I think we've said that it's on track to significantly beat that and that continues to be the case.”
Shantanu Narayen · CEO
How to check this claim
Look at: Workfront segment revenue for fiscal year 2021
It came true if: Workfront FY21 revenue > $150 million
Where: management commentary on Workfront revenue (earnings call / 10-K disclosure, if broken out)
In context
“of the performance of Workfront versus your expectations and kind of contribution you're seeing in the quarter. Secondarily with Frame.io, Just for clarification, is that in the forward ARR guys, so is that included in the 550 for Q4? And then perhaps more broadly, just on M&A strategy. The last two big deals seem to have a common thread in terms of collaboration. Is that just a self-idealist putting together two data points and drawing the trend line, or is that sort of a particular area of focus for Adobe in terms of adding to the portfolio on a go-forward basis? Thank you, guys. Shantanu Narayen: So, Keith, I actually think there were three questions in that, so let me parse each one of the first, I think as it relates to Workfront, we're very clearly targeting a need that exists and we had originally, I think said something like Workfront will do a 140. You're a 150 million in revenue for FY 21. And then I think we've said that it's on track to significantly beat that and that continues to be the case. As we do these larger deals, Keith, we don't breakout Workfront. And so that's the way we think about the business. But Workfront is definitely appealing to that. Your second question as it relates to two Frame.io. Uh, no, it is not in the ARR (ph.) guide. I mean clearly until we close the deal, we would not. And so, when that happens, as we said, we expect that to happen in Q4. We'll certainly update you on what happens as it relates to the frame. But we're excited about that and your third question as it relates to collaboration as a team, it's part of what we've been talking about for a while. If you remember what we've done with XD in terms of being able to do live editing. I think what we've done with the multi-surface applications, where our applications run on mobile devices, or”
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SEC filings for ADBE ↗ · Claim quote is verbatim from the 2021Q3 earnings call.