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CLAIM #4170 · Adobe Systems Incorporated (ADBE) · 2024Q2 earnings call · Jun 13, 2024 · due Nov 29, 2024

Our category-leading solutions, robust pipeline, and tremendous scale position us to drive strong growth in the second half, and we are raising our subscription revenue target for the year.

Anil Chakravarthy · President, Digital Experience

PENDING
graded after results covering Nov 29, 2024 are reported

How to check this claim

Look at: Full-year subscription revenue target (raised guidance) as disclosed by Adobe

It came true if: Full-year subscription revenue guidance issued after this statement is higher than the prior full-year subscription revenue target given before Q2 FY2024 earnings

Where: Adobe investor relations financial targets / earnings release and subsequent quarterly shareholder letters (Q3 and Q4 FY2024)

In context

Generate Variations, which accelerates the creation of audience-specific content variations to drive personalized web experiences. Strong industry analyst recognition including Gartner's Magic Quadrant for Content Marketing Platforms and leadership for both IDC's B2C and B2B MarketScapes for digital commerce applications. Key customer wins include Amazon, British Telecom, Comcast, Mercedes-Benz, Maruti Suzuki, Nationwide Building Society, Novo Nordisk, ServiceNow, Stellantis, Ulta Beauty, and U.S. Department of the Treasury. We have enabled our vibrant partner ecosystem of system integrators and agencies to deliver advisory and implementation services across our product portfolio. We look forward to engaging with customers and major agencies at the Cannes Lions Festival later this month. Our category-leading solutions, robust pipeline, and tremendous scale position us to drive strong growth in the second half, and we are raising our subscription revenue target for the year. I will now pass it to Dan. Dan Durn: Thanks, Anil. Today, I'll start by summarizing Adobe's performance in Q2 fiscal 2024, highlighting growth drivers across our businesses, and I'll finish with financial targets. In Q2, Adobe delivered strong top line growth and industry-leading profitability while accelerating the pace of innovations we're delivering to market across Document Cloud, Creative Cloud, and Experience Cloud. In the quarter, Adobe achieved record revenue of $5.31 billion, which represents 10% year-over-year growth or 11% in constant currency, with strength across all three clouds. This performance stems from the diversification of Adobe's business across our market-leading products, business models, customer segments, and geographies. When combined with our talented employees

Verify independently

SEC filings for ADBE · Claim quote is verbatim from the 2024Q2 earnings call.