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CLAIM #4063 · Adobe Systems Incorporated (ADBE) · 2023Q1 earnings call · Mar 15, 2023 · due Dec 1, 2023

Given the strong Q1, the demand for our products and our innovation roadmap, we are pleased to raise our FY ‘23 Digital Media net new ARR target.

David Wadhwani · President of Digital Media

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
we are pleased to raise our FY '23 Digital Media net new ARR target
Reported
we're raising our annual fiscal 2023 targets for EPS and net new Digital Media ARR

How to check this claim

Look at: Digital Media segment net new ARR, FY2023 full-year target/actual

It came true if: Reported FY2023 Digital Media net new ARR >= the raised full-year target figure disclosed in the Q1 FY2023 earnings call/materials

Where: Adobe quarterly earnings release and management commentary (Q4/FY2023 earnings call and investor datasheet)

In context

hat will make Acrobat Reader the default PDF viewer in Microsoft Edge for over 1 billion Windows users; significant growth in monthly active users for Acrobat web, driven by search volume for PDF related verbs and a continually optimized funnel to our web offering; continued proliferation of Acrobat driven by demand for integrated functionality such as Share for Review for collaboration and Adobe Sign for e-signatures; outstanding increase in API transactions as our ecosystem and business customers continue to customize and integrate document services; strong demand across all routes to market and customer segments globally from individuals to SMBs to large enterprises. Key customer wins include Bank of Montreal, HP, JPMorgan Chase, Ministry of Defense of Netherlands, Samsung and Verizon. Given the strong Q1, the demand for our products and our innovation roadmap, we are pleased to raise our FY ‘23 Digital Media net new ARR target. I will now pass it to Anil. Anil Chakravarthy: Thanks, David. Hello everyone. During the 2022 holiday season, e-commerce drove a record $211 billion with 38 days of $3-plus billion in daily spend according to the Adobe Digital Economy Index. Companies across B2B and B2C need an integrated customer experience management platform that empowers them to anticipate and meet the expectations of their customers. Today, digital is especially critical in enabling companies to drive profitable growth by delivering engaging and efficient customer experiences across the entire funnel, and Adobe is uniquely positioned to power experience-led growth. Experience Cloud offers a comprehensive portfolio of products that span the entire experience life cycle from marketing planning and workflows to data ins

Verify independently

SEC filings for ADBE · Claim quote is verbatim from the 2023Q1 earnings call.