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Adobe issued a press release showing non-GAAP EPS of $3.40 beating $0.06 in the 3rd quarter. The Year-over-year revenue was recorded at $4.43 billion with a missing $10 million. However, the Digital Media segment revenue was $3.23 billion representing 16% in constant currency or 13% Y/Y growth. The creative revenue increased to $2.63 billion representing 14% in constant currency or 11% Y/Y growth.

Meanwhile, Document Cloud revenue marked $607 million representing 25% in constant currency or 23% Y/Y growth. The ARR (Annualized Recurring Revenue) of Net New Digital Media reached $449 million, departing the quarter with $13.40B ARR. The Document Cloud ARR was boosted to $2.25 billion and Creative ARR increased to $11.15 billion.

The revenue segment of Digital Experience recorded $1.12 billion, representing 15% in constant currency or 14% Y/Y growth. Its subscription revenue reached $981 million to represent 15% in constant currency, while cash flows from operations marked $1.70 billion. The RPO (Remaining Performance Obligations) with leaving the quarter was recorded at $14.11 billion.

Adobe will Conduct a Conference Call

Adobe is expected to conduct its 3rd quarter fiscal year 2022 earnings conference call. The earnings documents include Adobe’s established conference call remarks such as slides and an investor datasheet. The investor datasheet and slides were posted to the investor relations website of Adobe for reference ahead of the conference call. Log on to the investor relations website www.adobe.com/ADBE to access the earnings conference call.

Non-GAAP and Other Disclosures Statements

This press release includes forward-looking statements. It features those connected to business momentum and the impacts of the Covid-19 epidemic on business operations and its results. The press release pointed out the market opportunity, current macroeconomic situation, market trends, and instability in foreign currency exchange rates.

Meanwhile, the press release shows customer success, strategic investments, revenue, annual recurring revenue, operating margin, and seasonality. It includes tax rate on a GAAP & Non-GAAP basis and earnings per share on a GAAP & Non-GAAP basis. All of these factors involve risks and instability that could basically bring materially different results.

Failure in 3rd Party Business Relationships

However, it may participate in such differences including failure to efficiently compete, develop, acquire, and offer products and services. This could meet customer demands such as the introduction of new technology, security & privacy information. It also includes potential delays in hosted services, geopolitical & macroeconomic situations, the Russia-Ukraine war, and the economic effect of Covid-19.

Moreover, risks related to cyber-attacks, complications in sales cycles, and risks associated with subscription offerings are mentioned in this press release. It includes subscription renewal rate fluctuations and failure to recognize the estimated benefits of past or future achievements. The press release shows a failure to efficiently manage 3rd party business relationships and alterations in tax regulations and accounting principles.

Adobe Provided Quarterly Report on Form

The press statement includes instability in the financial markets and the economic situation in the countries associated with multinational corporations. Meanwhile, the financial information also mentioned in this press release reflects estimation based on available information. These amounts can differ from the originally reported amounts mentioned in Adobe’s Quarterly Report.

Moreover, Adobe offered its Quarterly Report on Form 10-Q for the fiscal quarter that ended on September 2, 2022. The company is assuming no requirement to and doesn’t currently design to update these statements. The mollification between the financial targets and GAAP & non-GAAP earnings results is offered in the press release.