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CLAIM #4006 · Adobe Systems Incorporated (ADBE) · 2022Q2 earnings call · Jun 16, 2022 · due Nov 30, 2022

And we are on track for another year of record revenue and operating cash flows.

Dan Durn · CFO

PENDING
graded after results covering Nov 30, 2022 are reported

How to check this claim

Look at: Total annual revenue and annual operating cash flow, fiscal year

It came true if: Fiscal year revenue exceeds prior fiscal year's reported revenue AND fiscal year operating cash flow exceeds prior fiscal year's reported operating cash flow

Where: Company income statement and cash flow statement (10-K / Q4 earnings release)

In context

tion 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 strong growth for years to come. And we are on track for another year of record revenue and operating cash flows. Shantanu, back to you. Shantanu Narayen: Thanks, Dan. We are proud of our strong Q2 performance across Creative Cloud Document Cloud and Experience Cloud. Adobe remains one of the greatest places to work in the industry. And I want to thank our employees for their relentless dedication. This quarter, Forbes named us a top employer for college graduates, and we were ranked on their list of America's best employers for diversity. I'm thrilled to welcome our largest cohort of interns and university graduates this summer. Demand for our category defining products and services continue to grow. We're innovating at rapid speed for new and existing customer segments, accelerating our leadership in established categories, and seeing strong momentum for our newer initiatives. Our strategy remains

Verify independently

SEC filings for ADBE · Claim quote is verbatim from the 2022Q2 earnings call.