Adobe has experienced another outstanding quarter because of global digital transformation. In the second quarter, its revenue grew by $3.84 billion indicating a staggering 23% year-over-year growth. One of the biggest drivers of Adobe’s recent revenue growth in its Digital Media business in both Creative Cloud and Document Cloud, achieving $2.79 billion in revenue, representing 25% year-over-year growth. Furthermore, its net new Digital Media Annualized Recurring Revenue (ARR) grew by $518 mill ....
21 Sep 2021
Adobe Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 9/21
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Adobe Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation 9/21
- Published:
21 Sep 2021 -
Author:
Ishan Majumdar -
Pages:
14
Adobe has experienced another outstanding quarter because of global digital transformation. In the second quarter, its revenue grew by $3.84 billion indicating a staggering 23% year-over-year growth. One of the biggest drivers of Adobe’s recent revenue growth in its Digital Media business in both Creative Cloud and Document Cloud, achieving $2.79 billion in revenue, representing 25% year-over-year growth. Furthermore, its net new Digital Media Annualized Recurring Revenue (ARR) grew by $518 mill ....