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Adobe Systems

Adobe 2Q'23 Update

432 Views16 Jun 2023 04:01
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SUMMARY
  • Revenue: Digital Media net new ARR $470 Mn ($50 mn higher than guide).
  • Gross Margin: Digital Media gross margin remains steady at ~96%, but Digital Experience posted its highest ever gross margin of 67.3% in 2Q'23.

  • Cost Structure: 2Q'23 GAAP operating margin was 33.7%, down from 34.9% in 2Q'22.

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  • Adobe 2Q'23 Update
    16 Jun 2023
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