Adobe updates 15.Oct.18

Adobe MAX conference 2018

• Adobe Systems (NASDAQ:ADBE) reaffirms that it’s on track to achieve Q4 revenue of $2.42B (consensus: $2.43B) and EPS of $1.87 (consensus: $1.89).

• FY19 growth targets: Revenue, +20% Y/Y; Digital Media revenue, +20% Y/Y; Digital Experience revenue, +20% Y/Y; Digital Media ARR (net new), $1.4B.

• Adobe shares are up 4% aftermarket to $247.40.

• Adobe MAX conference starts today (Oct. 15)

Adobe updates 15.Oct.18