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CLAIM #3982 · Adobe Systems Incorporated (ADBE) · 2022Q1 earnings call · Mar 22, 2022 · due Dec 2, 2022

And so we expect to see strength in the second half of the year and certainly beyond that.

Shantanu Narayen · CEO

PENDING
graded after results covering Dec 2, 2022 are reported

How to check this claim

Look at: Total revenue, second half fiscal year growth trend (Q3 and Q4 combined vs prior periods)

It came true if: Revenue growth trajectory in H2 (Q3+Q4) accelerates or holds relative to H1, consistent with achieving the ~$440 million-referenced full-year target range

Where: Company quarterly earnings releases (income statement) for Q3 and Q4 fiscal 2022

In context

, we made the decision to reduce it. And so I think what you’ll see on the data sheet is what our exiting Q1 ARR is and then another number which just takes out all of the existing book of business for those three countries. You see the impact on revenue certainly in Q2, Q3 and Q4 because what it means is the revenue that we would have been able to collect. But again, in the grand scheme of things, as you can see, it’s fairly small as it relates to the business. So I think our targets, $440 million specifically, as you said, yes, it’s impacted by the ARR business in those countries. But overall, business is strong and we feel optimistic. I think in many ways, the message really is that the new growth initiatives that both Dan and David talked to, they are starting to really show traction. And so we expect to see strength in the second half of the year and certainly beyond that. Alex Zukin: Got it. Thank you, guys. Operator: Thank you. We will take our next question from Saket Kalia from Barclays. Saket Kalia: Okay, great. Hey, thanks for taking my question here. David, maybe for you. Great to see the Creative Cloud Express launch recently, I guess the question for you is, how do you feel the product differentiates from some of the competition out there? And maybe without going too deep, how do you plan on investing in that product specifically to continue your lead? David Wadhwani: Yes, thanks for the question. We’re very excited about the launch of CCX. But just to up-level for a minute, and as a reminder for everyone on the call, we’ve been talking about the communicator segment for years, both as it relates to non-pros and as it relates to the creator economy

Verify independently

SEC filings for ADBE · Claim quote is verbatim from the 2022Q1 earnings call.