CLAIM #4040 · Adobe Systems Incorporated (ADBE) · 2022Q3 earnings call · Sep 15, 2022 · due Dec 31, 2022
“I think we continue to believe that our business is resilient and if you look at the initial targets that we are providing, we would expect to have another strong seasonal close to the year.”
Shantanu Narayen · CEO
How to check this claim
Look at: Adobe total quarterly revenue, Q4 FY2022 (as reported vs. company guidance)
It came true if: Q4 FY2022 revenue >= the low end of Adobe's Q4 guidance range issued with Q3 FY2022 results
Where: Adobe Q4 FY2022 earnings release / income statement
In context
“ly stronger business or enterprise spend period for Adobe, we are also going into that sort of that Black Friday period again, obviously. When you think about your guidance for Q4, what are you baking in compared to last year for sort of those Black Friday trends, but also that sort of seasonal uplift in the business spending? Shantanu Narayen: I think as we said in our prepared remarks, Phil, we are guiding in typical seasonality, Q4 tends to be a strong season both in terms of the enterprise business for us and closing the enterprise business and the pipeline that we have built over the year, as well as some consumer commerce days, as you mentioned and all of that is factored into the targets that we are guiding. We are not changing that based on anything different than we have seen. So I think we continue to believe that our business is resilient and if you look at the initial targets that we are providing, we would expect to have another strong seasonal close to the year. Phil Winslow: Great. Thanks, guys. Operator: And the final question today comes from Kirk Materne of Evercore ISI. Kirk Materne: Hi. Thanks very much and congrats on the acquisition. Dan, I just wanted to follow up on your comments maybe on the dilution around the deal. I think just based on what Shantanu and all of you have said about sort of the complementary nature of the deal, the ability to expand the market. I think people are asking why isn’t there more sort of synergy from a go-to-market perspective with this deal, meaning bringing Figma onto your platform would theoretically just turbocharge sales immediately given sort of your scale? So I just -- how much of that’s baked into the dilution forecast or are you -- I realize it’s early, but are you leaving that more for upside, beca”
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SEC filings for ADBE ↗ · Claim quote is verbatim from the 2022Q3 earnings call.