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Technology Stocks : Adobe (adbe) opinions

ADBE 340.31

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Oct 31 9:30 AM EST

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From: JakeStraw	9/20/2017 1:39:52 PM
	2 Recommendations Recommended By The Ox Tobias Ekman of 3111

Adobe Reports Record Revenue markets.siliconinvestor.com Adobe achieved record quarterly revenue of $1.84 billion in its third quarter of fiscal year 2017, which represents 26 percent year-over-year revenue growth. Diluted earnings per share was $0.84 on a GAAP-basis, and $1.10 on a non-GAAP basis. Digital Media segment revenue was $1.27 billion, with Creative revenue growing to $1.06 billion. Digital Media Annualized Recurring Revenue (“ARR”) grew to $4.87 billion exiting the quarter, a quarter-over-quarter increase of $308 million. Adobe Experience Cloud achieved revenue of $508 million, which represents 26 percent year-over-year growth. Operating income grew 48 percent and net income grew 55 percent year-over-year on a GAAP-basis; operating income grew 43 percent and net income grew 46 percent year-over-year on a non-GAAP basis. Cash flow from operations was $704 million, and deferred revenue grew to approximately $2.20 billion. The company repurchased approximately 2.1 million shares during the quarter, returning $298 million of cash to stockholders.

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