LONDON, UK / ACCESSWIRE / January 10, 2018 / Active-Investors.com has just released a free earnings report on Adobe Systems Inc. (NASDAQ: ADBE) ("Adobe"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ADBE. The Company posted its financial results on January 26, 2017, for the fourth quarter of the fiscal year 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The San Jose, California-based Company's quarterly revenues surged 25% y-o-y, beating market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Adobe Systems most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the three months ended December 01, 2017, Adobe reported record quarterly revenues of $2.01 billion, which came in above the $1.61 billion recorded at the end of Q4 FY16, and also outperformed market expectations of $1.95 billion. The Company's subscription revenues grew to $1.70 billion in Q4 FY17 compared to $1.26 billion in Q4 FY16, whereas product revenues were $192.88 million in Q4 FY17 compared to $221.93 million in Q4 FY16. Furthermore, the Company posted services and support revenues of $117.73 million in Q4 FY17 versus $124.22 million in the last year's same quarter.

Operating Metrics

The software maker reported a GAAP net income of $501.55 million, or $1.00 per diluted share, in Q4 FY17, up from $399.61 million, or $0.80 per diluted share, in Q4 FY16. The Company's non-GAAP net income came in at $629.91 million, or $1.26 per diluted share, for Q4 FY17 versus $452.55 million, or $0.90 per diluted share, in Q4 FY16. Meanwhile, the market had expected the Company to report a non-GAAP EPS of $1.15 per diluted share.

In FY17, Adobe's revenues came in at $7.30 billion compared to $5.85 billion in FY16. The Company's GAAP net income increased to $1.69 billion, or $3.38 per diluted share, during FY17 from $1.17 billion, or $2.32 per diluted share, in FY16. Additionally, the Company's non-GAAP revenues rose to $2.16 billion, or $4.31 per diluted share, in FY17 from $1.52 billion, or $3.01 per diluted share, in the year ago comparable period.

In Q4 FY17, the Company posted a GAAP operating income of $649.34 billion compared to $472.28 billion in Q4 FY16. Adobe's GAAP operating margin improved to 32.4% in Q4 FY17 from 29.4% in the year ago corresponding period. The Company's non-GAAP operating income stood at $805.98 billion for Q4 FY17 compared to $589.72 billion in Q4 FY16. Furthermore, the Company's non-GAAP operating margin improved to 40.2% in Q4 FY17 from 36.7% in Q4 FY16.

Segment Performance

During Q4 FY17, Adobe's Digital Media segment's revenues were $1.39 billion, or 69% of total revenues, compared to $1.08 billion, or 67% of total revenues, in the previous year same period.

Adobe's Digital Marketing segment's revenues increased to $572.7 million, or 29% of total revenues, in Q4 FY17 from $488.5 million, or 30% of total revenues, in the prior year's comparable quarter.

Adobe's Print & Publishing segment's revenues came in at $43.6 million, or 2% of total revenues, for Q4 FY17 compared to $43.7 million, or 3% of total revenues, in the last year's corresponding quarter.

Geographical Contribution

In Q4 FY17, the Company's Americas revenue was up to $1.15 billion, or 58% of total revenues, from $921.7 million, or 57% of total revenues, in Q4 FY16. For the reported quarter, Europe, the Middle-East, and Africa (EMEA) revenue stood at $549.2 million, or 27% of total revenues, versus $452.7 million, or 28% of total revenues, in Q4 FY16. Furthermore, the Asia region contributed $306.4 million, or 15%, to Adobe's total revenues in Q4 FY17, up from $234.0 million in Q4 FY17.

Cash Flow and Balance Sheet

In the reported quarter, Adobe's net cash provided by operating activities came in at a record $833.22 million compared to $695.60 million in the year ago same quarter. The Company had a cash and cash equivalents balance of $2.31 billion as on December 01, 2017, compared to $1.01 billion at the close of books on December 02, 2016. Furthermore, the Company ended the quarter with a long-term debt balance of $1.88 billion, while it had a long term debt amounting to $1.89 billion as on December 01, 2016.

Share Repurchases

In Q4 FY17, the Company repurchased approximately 1.9 million shares, thereby returning $297 million of cash to stockholders.

Guidance

In its outlook for the full year FY18, the Company expects total revenues to be approximately $8.725 billion. GAAP and non-GAAP EPS are forecasted to be approximately $4.40 and $5.50, respectively, for FY18.

For Q1 FY18, Adobe's total revenue is expected to be approximately $2.040 billion. Furthermore, GAAP and non-GAAP EPS are anticipated to be approximately $1.15 and $1.27, respectively, for Q1 FY18.

Stock Performance Snapshot

January 09, 2018 - At Tuesday's closing bell, Adobe Systems' stock slightly advanced 0.90%, ending the trading session at $186.70.

Volume traded for the day: 1.80 million shares.

Stock performance in the last month ? up 6.92%; previous three-month period ? up 23.23%; past twelve-month period ? up 71.96%; and year-to-date ? up 6.54%

After yesterday's close, Adobe Systems' market cap was at $92.12 billion.

Price to Earnings (P/E) ratio was at 55.16.

The stock is part of the Technology sector, categorized under the Application Software industry.

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