Adobe Outperforms Q3 Estimates But Adjusts Its Guidance To A Challenging Environment
Adobe Outperforms Q3 Estimates But Adjusts Its Guidance To A Challenging Environment
Last Thursday, Adobe Inc (NASDAQ:ADBE) reported its third quarter results, surpassing Wall Street's estimates for both the top and bottom line. However, Adobe's stock got punished for a lighter-than-expected fourth quarter guidance that sparked fears of smaller rivals taking business from software companies like Adobe and Salesforce Inc (NYSE:CRM).
上週四，adobe公司（納斯達克代碼：ADBE）公佈了其第三季度業績報告，超出了華爾街對於上下兩線的預期。然而，由於第四季度的指導預期低於預期，引發了對較小競爭對手奪走adobe和salesforce等軟件公司業務的擔憂，adobe股票遭到了懲罰。
Fiscal third quarter highlights
財政第三季度亮點
For the quarter ended on August 30th, Adobe reported revenue grew 11% to $5.41 billion, topping $5.37 billion that LSEG expected. The biggest line of business, Digital Media, that is home to Creative Cloud subscriptions that use generative artificial intelligence called Firefly, grew 11% YoY, bringing in sales of $3.98billion. Within the digital media segment, creative revenue grew 10% YoY to $3.19 billion while Document Cloud grew 18% YoY to $807 million.
截至8月30日的季度，adobe公司營業收入增長11%，達到了54.1億美元，超過了倫交所（LSEG）預期的53.7億美元。數字媒體業務是最大的業務線，這個業務線包括使用名爲Firefly的生成式人工智能的創意雲訂閱服務，同比增長了11%，帶來了39.8億美元的銷售額。在數字媒體業務部門中，創意收入同比增長10%，達到了31.9億美元，而文檔雲同比增長18%，達到了8070萬美元。
The total subscription revenue amounted to $5.18 billion, rising 11% YoY.
訂閱收入總額達到了518億美元，同比增長11%。
Digital Experience segment reported revenue rose 10% to $1.35 billion.
數字體驗部門的營業收入增長了10%，達到13.5億美元。
Net income rose to $1.68 billion with adjusted earnings amounting to $4.65, surpassing $4.53 that LSEG estimated.
淨利潤上升至16.8億美元，調整後的收益達4.65美元，超過了LSEG估計的4.53美元。
Adobe demonstrated the strenght from its cash-generation capabilities, $2.02 billion, bringing in cash of $2.02 billion from its operations.
adobe展示了其現金生成能力，達到20.2億美元，實現了來自運營的20.2億美元的現金流。
Adobe adjusted its outlook to a tough economy.
Adobe調整了其對困難經濟的展望。
Taking into account current macroeconomic conditions and expected seasonal strength, Adobe adjusted its outlook. For the fourth fiscal quarter, Adobe guided for revenue between $5.5 billion and $5.55 billion, which fell short of FactSet's estimate of $5.6 billion. Digital Media is projected to bring in $4.09 billion to $4.12 billion while Digital Experience segment is expected to report revenue between $1.36 billion and $1.38 billion. Adjusted profit is expected to range between $4.63 and $4.68 per share.
考慮到當前的宏觀經濟狀況和預期季節性強勢，Adobe調整了其展望。對於第四財季，Adobe預計營業收入在55億到55.5億美元之間，低於FactSet預估的56億美元。數字媒體預計帶來40.9億到41.2億美元的營業收入，而數字體驗部門預計報告的營業收入在13.6億到13.8億美元之間。調整後的利潤預計區間爲每股4.63美元到4.68美元。
Adobe continues to empower its users with the technology of tomorrow.
Adobe繼續利用明日的科技賦予用戶力量。
Throughout the third quarter, Adobe outperformed across its key business segmens. More importantly, Adobe continues to integrarte AI across its portfolio. AI-powered enhancements, particularly Adobe Firefly, fueled the increased customer engagement and retention across Creative Cloud, Document Cloud, and Experience Cloud. However, the lighter than expected forecast sparked fears that AI gains will take longer to monetize, especially in the pressured buying environment.
在第三季度，Adobe在其關鍵業務領域表現出色。更重要的是，Adobe持續在其產品組合中整合人工智能。由人工智能驅動的增強功能，特別是Adobe Firefly，推動了創意雲、文檔雲和體驗雲各個領域的客戶參與和留存的增加。然而，對於預期之外的輕度預測引發了擔憂，即人工智能收益的變現可能需要更長時間，特別是在壓力山大的購買環境中。
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譯文內容由第三人軟體翻譯。