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Adobe (NASDAQ: ADBE) 2Q19 Results: Beats Consensus Estimates, Strong Digital Experience Growth, Light Guidance

Coresight Research

Key Points

  • Adobe reported fiscal 2Q19 revenues of $2.72 billion, up 25.0% year over year and beating the consensus estimate of $1.78 billion. Adjusted EPS was $1.83, up 10.2% year over year and beating the consensus estimate of $1.78.
  • Digital Experience revenue was $784 million, up 34% year over year, which includes Magento and Marketo. The segment attracted new customers and grew Adobe’s addressable market.
  • Fiscal 3Q19 revenue guidance of $2.80 billion was slightly below the $2.83 billion consensus estimate and adjusted EPS guidance of $1.95 was below the $2.05 consensus estimate.

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