Adobe Systems Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 29, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2015
Jun 16 15
Adobe Systems Incorporated reported unaudited Consolidated earnings results for the second quarter and six months ended May 29, 2015. For the quarter, total revenue was $1,162,158,000 against $1,068,208,000 a year ago. Operating income was $193,617,000 against $135,258,000 a year ago. Income before income taxes was $180,974,000 against $121,271,000 a year ago. Net income was $147,493,000 or $0.29 per diluted share against $88,527,000 or $0.17 per diluted share a year ago. Net cash provided by operating activities was $471,484,000 against $367,536,000 a year ago. Purchases of property and equipment were $35,730,000 against $27,198,000 a year ago. Non-GAAP net income was $241,929,000 or $0.48 per diluted share against $186,272,000 or $0.37 per diluted share a year ago. Non-GAAP operating income was $319,105,000 against $250,327,000 a year ago.
For six months, total revenue was $2,271,339,000 against $2,068,328,000 a year ago. Operating income was $366,642,000 against $214,004,000 a year ago. Income before income taxes was $344,222,000 against $186,163,000 a year ago. Net income was $232,381,000 or $0.46 per diluted share against $135,573,000 or $0.27 per diluted share a year ago.
The company is targeting a third quarter of 2015 tax rate of approximately 25% on a GAAP basis and 21% on a non-GAAP basis. These company expects targets yield, GAAP earnings per share range of $0.23 to $0.29 per share and a non-GAAP earnings per share range of $0.45 to $0.51.
For the fiscal 2015, the company is targeting revenue of $4.845 billion and EPS of $2.05.
Dun & Bradstreet Integrates with Adobe Marketing Cloud to Drive Improved Targeting in B2B Digital Marketing Campaigns
Jun 16 15
Dun & Bradstreet announced that its commercial data is now available in Adobe Marketing Cloud through Adobe Audience Manager's Audience Marketplace feature (now in beta), which enables advertisers and publishers to buy and sell anonymous third-party data to expand audience segments. The integration of Dun &Bradstreet's unique, deterministic data, curated from over 30,000 global sources and featuring more than 700 targetable attributes, enables B2B digital marketers to identify and reach their most valuable customers and prospects online. Available immediately for beta participants accessing the Audience Marketplace feature within Adobe Audience Manager, this alliance further addresses challenges: delivering the right content to the right prospect to increase message resonance and improve engagement.
Adobe Unveils Adobe Creative Cloud Tools and Services
Jun 16 15
Adobe launched a milestone release of its Adobe Creative Cloud tools and services. The 2015 release of Creative Cloud includes major updates to Adobe’s industry-defining desktop tools, including Photoshop CC, Illustrator CC, Premiere Pro CC and InDesign CC; as well as new connected mobile apps for iOS and Android. The company shipped Adobe Stock, the industry’s first stock content service to be integrated directly into the creative process and the tools creatives use every day. In addition, an expanded Creative Cloud enterprise offering that includes enterprise-grade administration, security, collaboration and publishing services for design-driven brands, businesses and large organizations. At the heart of Creative Cloud is Adobe CreativeSync, a signature technology that intelligently syncs creative assets: files, photos, fonts, vector graphics, brushes, colors, settings, metadata and more. With CreativeSync, assets are instantly available, in the right format, wherever designers need them across desktop, web and mobile apps. Available exclusively in Creative Cloud, CreativeSync means work can be kicked off in any connected Creative Cloud mobile app or CC desktop tool; picked up again later in another; and finished in the designer’s favorite CC desktop software. Desktop tools take giant leap forward: with the 2015 release of Creative Cloud, Adobe magic and Mercury performance provide speed and technology breakthroughs across 15 CC desktop applications, including: celebrating its 25th anniversary this year, Photoshop CC introduces Artboards, the best way to design cross-device user experiences in a single Photoshop document and quickly preview them on a device; and a preview release of Photoshop Design Space, a sleek new work environment focused on the needs of mobile app and web site designers. Lightroom CC and Photoshop CC both gain the new Dehaze feature, which appeared first as a MAX sneak in October 2014. Dehaze, eliminates fog and haze from photos, including underwater shots, for startlingly clear images. Haze can also be added to a photo for artistic effect. Premiere Pro CC furthers its lead in the market with the addition of the Lumetri Color panel for powerful color corrections using intuitive sliders and other simple controls; and Morph Cut, which makes it easier to deliver polished interview content by smoothing out jump cuts in talking-head shots to create a cohesive, polished sequence. After Effects CC now has uninterrupted preview to allow artists to adjust a composition’s properties and even resize panels without impacting playback. Also, the groundbreaking Adobe Character Animator brings 2D figures to life using a webcam to track facial movements, record dialog and apply movements in real time onto a pre-configured character. Illustrator CC is now 10 times faster and 10 times more precise than CS6. Powered by dramatic boosts to its Mercury Performance Engine, users can now pan and zoom smoothly without delays. With the new Chart tool (preview), designers can also create beautiful custom charts and share them with others via CC Libraries. InDesign CC gets its own Mercury performance surge with zooming, scrolling, and paging through complex documents now twice as fast. InDesign now also allows users to publish and distribute documents with a single click. Dreamweaver CC has new responsive web design capabilities that let designers quickly lay out and build production-ready sites that adapt to any screen size. Adobe Muse now includes instant access to premium fonts from Typekit. And much, much more. Additional updates to these and other CC desktop applications make this one of the biggest releases in years. Mobile to Desktop Workflows Enhanced with Android Support, New Mobile Apps Since Creative Cloud was introduced in 2012, Adobe has championed the idea that mobile devices should be integral to the creative process, with free companion mobile apps working seamlessly with CC desktop tools. Adobe released Brush CC, Shape CC, Color CC and Photoshop Mix on Android for the first time, bringing connected mobile workflows to millions of creatives worldwide. Adobe has also updated many of its popular Creative Cloud mobile apps for iPhone and iPad, including Adobe Comp CC, Photoshop Mix, Photoshop Sketch, Illustrator Draw, Brush CC, Shape CC and Color CC. In addition to these updates, Adobe debuted Adobe Hue CC. Hue CC provides an easy way to capture and share production-quality lighting and color schemes for video, film and broadcast by using an iPhone camera and then applying these light and color moods into a Premiere Pro CC or After Effects CC project. Adobe Stock Content Service Launched, With Deep Creative Cloud Integration Adobe Creative Cloud is evolving into a vibrant global marketplace. Adobe Talent, introduced in 2014, connects the world’s best creatives with work opportunities from major brands and agencies; and the company launched Adobe Stock, the first stock content service to be integrated directly into the creative process and the tools that creatives use every day. Now creatives can jump-start projects, with access to 40 million images, right within tools such as Photoshop CC, InDesign CC and Illustrator CC. Adobe announced it will offer rates to photographers and designers contributing content to Adobe Stock. Creative Cloud Enabling the Digital Transformation of Enterprises Major enhancements to Creative Cloud for enterprise were also announced today: a solution for large commercial, education and government customers who must radically speed the development and publishing of customer experiences, as part of their digital transformation strategies. This edition includes all the product features from today’s Creative Cloud 2015 release, plus expanded security options and deep connections with Adobe Digital Publishing Solution and Adobe Marketing Cloud. Two new security capabilities ensure protection of corporate assets, including customer-managed encryption keys and a new managed service hosting option, which offers dedicated storage behind a customer’s firewall. Creative Cloud for enterprise also supports an upcoming release of DPS, empowering existing teams in organizations to rapidly design and publish mobile apps without writing code. Content from Creative Cloud for enterprise also syncs with Adobe Experience Manager, a key component of Adobe Marketing cloud, to accelerate marketing campaigns by streamlining creative-to-marketing workflows. Pricing and availability: present updates to CC desktop and mobile apps are immediately available for download by Creative Cloud members as part of their membership at no additional cost. Membership plans are available for individuals, students, teams, educational institutions, government agencies and enterprises.