Credit: Shutterstock photoAdobe Systems Incorporated (ADBE) just released its fourth-quarter fiscal 2017 financial results, posting non-GAAP earnings of $1.26 per share and revenues of $2.01 billion.
Currently, ADBE is a Zacks Rank #2 (Buy) and is up 1.35% to $177.36 per share in after-hours trading shortly after its earnings report was released.
Adobe:
Beat earnings estimates . The company posted non-GAAP earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.15. Adobe said GAAP earnings came in at $1.00 per share.
Beat revenue estimates . The company saw revenue figures of $2.01 billion, topping our consensus estimate of $1.95 billion.
Total revenues were up 25% year-over-year. Revenues in the company's Digital Media unit totaled $1.39 billion, while Creative and Document Cloud revenues touched quarterly highs of $1.16 billion and $235 million, respectively.
On a non-GAAP basis, operating income grew 37% year-over-year, while net income was up 39%. Cash flow from operations was $833 million, a record high.
"Adobe achieved record annual and quarterly revenue, and the leverage in our business model once again drove record profit and earnings," said CFO Mark Garrett. "We are raising our fiscal 2018 revenue target and remain bullish about delivering strong top line and bottom line growth."
Here's a graph that looks at Adobe's earnings surprise history:
Adobe Systems Incorporated Price, Consensus and EPS Surprise
Adobe Systems Incorporated Price, Consensus and EPS Surprise | Adobe Systems Incorporated Quote
Adobe Systems Incorporated is one of the largest software companies in the world. It offers a line of products and services used by creative professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences across personal computers, devices and media.
Check back later for our full analysis on ADBE's earnings report!
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
