CLAIM #3942 · Adobe Systems Incorporated (ADBE) · 2021Q4 earnings call · Dec 16, 2021 · due Nov 25, 2022
“digital experience segment revenue growth of approximately 14% year-over-year or 17% on an adjusted basis”
Dan Durn · CFO
How to check this claim
Look at: Digital Experience segment revenue growth, year-over-year, fiscal year 2022
It came true if: Reported growth between 12% and 16% (approximately 14%), or adjusted-basis growth between 15% and 19% (approximately 17%)
Where: Adobe fiscal 2022 10-K / Q4 FY2022 earnings release segment revenue disclosure
In context
“to focus relentlessly on the organic growth opportunities ahead Lastly, fiscal year 2021 was a 53-week fiscal year with an extra week in Q1. That week added approximately to $267 million of revenue and $25 million of net new digital media ARR the math around the return to a 52-week fiscal year is expected to be a two-point headwind on our full-year, FY'22 growth rates and a seven-point headwind in Q1. Here's Adobe's fiscal year 2022 annual targets. We show our segment growth targets on an actual and adjusted basis and constant currency factoring for the additional week last year: Total Adobe revenue of approximately $17.9 billion, net new digital media ARR of approximately $1.9 billion, digital media segment revenue growth of approximately 14% year-over-year, or 17% on an adjusted basis, digital experience segment revenue growth of approximately 14% year-over-year or 17% on an adjusted basis, digital experience subscription revenue growth of approximately 16% year-over-year or 19% on an adjusted basis, tax rate of approximately 17.5% on a GAAP basis and 17% on a non-GAAP basis, GAAP earnings per share of approximately $10.25 and non-GAAP earnings per share of approximately $13.70. For Q1 of fiscal 2022, we're targeting revenue of approximately $4.23 billion. Net new digital media ARR of approximately $400 million, digital media segment revenue growth of approximately 8% year-over-year or 17% on an adjusted basis, digital experience segment revenue growth of approximately 11% year-over-year or 18% on an adjusted basis, digital experience subscription revenue growth of approximately 13% year-over-year or 20% on an adjusted basis, tax rate of approximately 16% on a GAAP basis an”
Verify independently
SEC filings for ADBE ↗ · Claim quote is verbatim from the 2021Q4 earnings call.