CLAIM #4134 · Adobe Systems Incorporated (ADBE) · 2023Q4 earnings call · Dec 13, 2023 · due Nov 30, 2024
“Too early to really call it with precision, but I see that setup being slightly different. And maybe just a slight headwind versus what we were seeing a year ago.”
Dan Durn · CFO
In context
“reat year and profitability as well, I mean, look at the numbers that we posted both in terms of Q4, as well as for fiscal '24 and that is that does not in any way mean that we're not going to invest in all of the cloud and the foundation models. So I feel really good. Dan Durn: And then just one thing to add, Brent, If we were here a year ago, the expectations going into the year where FX was going to be a pretty decent headwind to the performance, you see that in the way we've reported our results and then compare it to a constant-currency basis. We started with a pretty decent spread between the as-reported numbers in constant-currency in Q1. By the time we got to Q4, you saw that spread compress, as I look forward into FY '24, it's more of a neutral footing to maybe a slight headwind. Too early to really call it with precision, but I see that setup being slightly different. And maybe just a slight headwind versus what we were seeing a year ago. Brent Thill: Thanks for the color. Operator: We'll will take our next question from Jay Vleeschhouwer with Griffin Securities. Please go ahead. Jay Vleeschhouwer: Yeah. Thank you. You noted the strength in RPO in the quarter, including the record sequential increase. Can you talk about how you're thinking about RPO for fiscal '24, would you expect it to continue to be able to outgrow revenue growth by several points as you did in fiscal '23 and perhaps talk about the ingredients that will continue to drive RPO, either by segment or any other considerations that you'd like to talk about in that. Shantanu Narayen: Yeah. Thanks, Jay. As I pull some of the threads together that we've heard on this call. Anil, talked about large transformational deals being the platform of choice with customer”
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SEC filings for ADBE ↗ · Claim quote is verbatim from the 2023Q4 earnings call.