Adobe revenue falls

Stefan Mileschin · 8th October 2015, 10:39

Adobe lowered its profit forecast for 2016 below analyst estimates partly due to a strong dollar, sending its shares down as much as 13 percent in extended trading.

The Photoshop maker said it expects full-year revenue of about $5.7 billion. The cocaine nose jobs of Wall Street were expecting revenue of $5.93 billion.

The company is expecting a $200 million hit on revenue as a result of the stronger dollar, and a $100 million hit as Adobe’s “last material businesses are transitioning to ratable revenue.”

Adobe has been switching to web-based subscriptions from traditional licensed software to help attract more predictable recurring revenue. So far this has proved a little precarious but it is expected to pick up in time.

http://www.techeye.net/business/adobe-revenue-falls

8th October 2015, 10:39	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,553	Adobe revenue falls Adobe lowered its profit forecast for 2016 below analyst estimates partly due to a strong dollar, sending its shares down as much as 13 percent in extended trading. The Photoshop maker said it expects full-year revenue of about $5.7 billion. The cocaine nose jobs of Wall Street were expecting revenue of $5.93 billion. The company is expecting a $200 million hit on revenue as a result of the stronger dollar, and a $100 million hit as Adobe’s “last material businesses are transitioning to ratable revenue.” Adobe has been switching to web-based subscriptions from traditional licensed software to help attract more predictable recurring revenue. So far this has proved a little precarious but it is expected to pick up in time. http://www.techeye.net/business/adobe-revenue-falls

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Xbox One's official UK price falls to £300	Stefan Mileschin	WebNews	0	14th April 2015 10:17
Intel falls into ARM’s arms	Stefan Mileschin	WebNews	0	28th August 2014 12:39
NAND Flash Brand Supplier Revenue Falls 6.6% in First Quarter	Stefan Mileschin	WebNews	0	2nd June 2014 06:26
Twitter falls foul of UK tax man	Stefan Mileschin	WebNews	0	11th December 2012 06:31
Adobe breaks its revenue prediction for Q2, makes $943 million	jmke	WebNews	0	2nd July 2010 11:53
Chip revenue falls 11.4 percent in 2009	jmke	WebNews	0	20th December 2009 12:46
Google Stock Falls Below $300 A Share	jmke	WebNews	1	14th November 2008 09:56
AMD falls by a buck, Intel goes below $18	jmke	WebNews	1	24th May 2006 22:28
ATI X300SE HM falls behind 6200 TC	jmke	WebNews	0	31st March 2005 15:03
Infineon falls after Q1 warning	Sidney	WebNews	0	15th January 2005 17:53