Adobe Reports Q3 Revenue Of $1.08 Billion, EPS Was $0.40

Posted on Sep 20 2012 - 6:48am by Editorial Staff

Adobe has reported financial results for its third quarter of fiscal year 2012 ended Aug. 31, 2012. The company reported revenues of $1.081 billion, within its targeted range of $1.075 billion to $1.125 billion. The diluted earnings per share were $0.40 on a GAAP-basis, and $0.58 on a non-GAAP basis.

The operating income was $278.3 million and net income was $201.4 million on a GAAP-basis. Operating income was $391.8 million and net income was $291.2 million on a non-GAAP basis. The cash flow from operations was $263.3 million.

Adobe Creative Cloud paid subscriptions grew to approximately 200,000 in the third quarter. Adobe added approximately 8,000 Creative Cloud subscriptions per week during the quarter, exceeding the addition of 5,000 subscriptions per week that was assumed in its third quarter financial targets. Digital Marketing Suite achieved record quarterly revenue with 40 percent year-over-year growth.

“Customers globally are adopting our new Creative Cloud subscription offering more quickly than we projected,” said Shantanu Narayen, president and CEO of Adobe. “We are the leader in the fast-growing Digital Marketing category with 40 percent year-over-year Digital Marketing Suite revenue growth this quarter.”

For the fourth quarter of fiscal 2012, Adobe is targeting revenue of $1.075 billion to $1.125 billion. On a diluted earnings per share basis, the company is targeting a range of $0.34 to $0.39 on a GAAP basis, and $0.53 to $0.58 on a non-GAAP basis. The share count to be between 500 million and 502 million shares and it is targeting non-operating expense between $18 million and $20 million.

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