Adobe Targets Earnings Growth Next Year
16 Dezember 2021 - 2:55PM
Dow Jones News
By Matt Grossman
Adobe Inc. Thursday said it is targeting higher earnings and
revenue next year as it anticipates growth in its software
business.
Adobe set its revenue target at $17.9 billion, with earnings of
$10.25 a share, in fiscal 2022. In the latest fiscal year, revenue
was $15.79 billion and earnings were $10.02 a share.
Adobe's target is for adjusted earnings of $13.70 a share.
In the fiscal first quarter, Adobe is targeting revenue of $4.23
billion and earnings of $2.63 a share, or $3.35 a share on an
adjusted basis.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
December 16, 2021 08:40 ET (13:40 GMT)
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