“When I net both of those together, we would expect to see about $0.60 to $0.70 a share erosion of the earnings power of the company.”

In context

“lanning for the upside right now, which is all of our growth initiatives and will react as appropriate. And we are clearly not going to be in denial. But right now, it feels like a very strong time for Adobe to continue to execute against the things that we have on our plate. David Wadhwani: Yes, just want to build a little bit on the first part of Shantanu’s answer. We talked about offsetting some of the headwinds we see. We talked about the increase in tax rate. We talked about the FX headwind into the back half of the year. In Q1, we discussed the impact we were seeing from the war in Ukraine. When we take the effects and the impact we discussed in Q1, that's a $250 million revenue, headwind in the back half of the year, the increase in tax rate is about a $0.25 a share impactful year. When I net both of those together, we would expect to see about $0.60 to $0.70 a share erosion of the earnings power of the company. And to Shantanu’s point, it really underscores a philosophy that's underpinned how this company has operated for a very long time. It's about focused execution. It's about operating discipline. And the fact that the full year targets have come down $0.20 when the map would suggest it should be much greater than that just really underscores the power of the model. We're investing for innovation. We're investing to serve our customers, but we're doing it in a very focused and disciplined way. And I think that says a lot about who we are as a company. Kash Rangan: Thank you, Dan. Operator: And our last question is from Brad Zelnick with Deutsche Bank. Brad Zelnick: Excellent, thanks for squeezing me in and congrats on a strong Q2. My question is for David. David, we've seen reports of the tr”