CLAIM #4135 · Adobe Systems Incorporated (ADBE) · 2023Q4 earnings call · Dec 13, 2023 · due Nov 30, 2024
“It goes to produce the type of sequential RPO progression that we saw Q3 to Q4. Every quarter won't be that large, but the backdrop around that dynamic for the company given the setup we see, it should be another strong year for RPO throughout the year.”
Shantanu Narayen · CEO
CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
it should be another strong year for RPO throughout the year
Reported
We exited the year with $19.96 billion in RPO and cash and short-term investments of $7.89 billion.
How to check this claim
Look at: Remaining performance obligations (RPO) growth, quarter over quarter, tracked through fiscal year 2024
It came true if: RPO grows sequentially in each reported quarter of fiscal 2024 (Q1-Q4), consistent with 'another strong year for RPO'
Where: Company quarterly earnings releases and 10-Q/10-K filings (RPO disclosure)
Verify independently
SEC filings for ADBE ↗ · Claim quote is verbatim from the 2023Q4 earnings call.