CLAIM #4001 · Adobe Systems Incorporated (ADBE) · 2022Q2 earnings call · Jun 16, 2022 · due Nov 30, 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 (reported and constant-currency/adjusted basis)
It came true if: Reported YoY growth approximately 14% (within 13-15%), or adjusted/constant-currency growth approximately 17% (within 16-18%)
Where: Adobe fiscal Q4/full-year 2022 earnings release and segment revenue disclosures
In context
“R of approximately $430 million. Digital Media segment revenue growth of approximately 13% year-over-year, or 16% in constant currency. Digital Experience segment revenue growth of approximately 12% year-over-year, or 14% in constant currency. Digital Experience subscription revenue growth of approximately 13% year-over-year, or 15% in constant currency; tax rate of approximately 22.5% on a GAAP basis, and 18.5% on a non-GAAP basis, and GAAP earnings per share of approximately $2.35 and non-GAAP earnings per share of approximately $3.33. For fiscal year 2022, we're now targeting total Adobe revenue of approximately $17.65 billion. Net New Digital Media ARR of approximately $1.90 billion. Digital Media segment revenue growth of approximately 12% 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 15% year-over-year, or 19% on an adjusted basis. Tax rate of approximately 21% on a GAAP basis, and 18.5% on a non-GAAP basis, and GAAP earnings per share of approximately $9.95 and non-GAAP earnings per share of approximately $13.50. In summary, I'm pleased by the way Adobe executed in Q2. We are driving growth across Creative Cloud, Document Cloud and Experience Cloud with momentum in our established businesses and early success in our new initiatives. As a result of our disciplined operating model and focused execution, we were able to dramatically reduce the expected impact of increased tax rates and FX headwinds on our EPS. The investments we're making today in people, products and marketing will enable us to drive stron”
Verify independently
SEC filings for ADBE ↗ · Claim quote is verbatim from the 2022Q2 earnings call.