ADBE
Adobe Inc
Q4 2024 Report
Adobe Inc (ADBE) Q4 2024 Financial Results: Sustained Growth Amidst AI Innovations...
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Executive Summary
In Q2 2024, Adobe Inc reported robust financial results, achieving a revenue of $5.31 billion, reflecting an 11% year-over-year growth. This performance was bolstered by growth across its Digital Media, Document Cloud, and Experience Cloud segments, with management highlighting a strong demand for AI-integrated products. The net income reached $1.57 billion with an impressive GAAP EPS of $3.49, indicating significant growth both on a year-over-year and sequential basis. CEO Shantanu Narayen emphasized that the company's innovative product roadmap focused on generative AI is pivotal to attracting new users and enhancing productivity across all customer segments, from individuals to enterprises.
Key Performance Indicators
Revenue
5.31B
QoQ: 2.45% | YoY:8.57%
Gross Profit
4.67B
87.90% margin
QoQ: 2.62% | YoY:8.33%
Operating Income
1.89B
QoQ: -1.15% | YoY:11.08%
Net Income
1.57B
QoQ: 153.71% | YoY:12.12%
EPS
3.50
QoQ: 155.47% | YoY:14.01%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $5.31 billion (YoY: +11%, QoQ: +2.45%)
- **Gross Profit:** $4.67 billion (Gross Margin: 87.9%)
- **Operating Income:** $1.89 billion (Operating Margin: 35.5%)
- **Net Income:** $1.57 billion (Net Margin: 29.6%)
- **GAAP EPS:** $3.49 (YoY: +14%, QoQ: +155%)