Adobe Systems (ADBE) Tops Q1 EPS by 5c; Adds 517K New CC Subscriptions

Adobe Systems (NASDAQ: ADBE) reported Q1 EPS of $0.44, $0.05 better than the analyst estimate of $0.39. Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.08 billion.

Highlights:

• Adobe added 517 thousand net new Creative Cloud subscriptions in the quarter, which represents 28 percent year-over-year growth when compared to net new subscription additions in Q1 fiscal year 2014.
• Creative Annualized Recurring Revenue (“ARR”) grew to $1.79 billion, and total Digital Media ARR grew to $2.09 billion.
• Adobe Marketing Cloud revenue was $311 million.

"Adobe Marketing Cloud and Creative Cloud continue to be growth engines for Adobe," said Shantanu Narayen, Adobe president and chief executive officer. "We are excited about today's announcement of the Adobe Document Cloud, which brings innovative new capabilities, including built-in e-signing, to millions of customers."

“Fiscal 2015 is off to a strong start, and Q1 revenue and earnings are evidence of successful execution against our strategy,” said Mark Garrett, Adobe executive vice president and chief financial officer.

For earnings history and earnings-related data on Adobe Systems (ADBE) click here.

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