Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Microsoft : Adobe's in line revenue forecast pressures shares

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/13/2018 | 06:26pm EST
FILE PHOTO: Picture illustration shows Adobe company logos, in Vienna

(Reuters) - Adobe Systems Inc on Thursday forecast total revenue in line with analysts' estimates after topping expectations for nine straight quarters, sending its shares down as much as 1.7 percent in choppy trading after the bell.

The company's estimate of a 22 percent revenue rise in its digital media unit for the current quarter also suggested a slowing pace of growth. The business, which houses its Creative Cloud suite, has consistently clocked revenue growth of about 28 percent in the last four quarters.

"As we continue to migrate the business to subscriptions, we do not expect material Acrobat perpetual licensing this Q4. This is factored into our Digital Media year-over-year revenue growth target," the Photoshop maker said https://www.adobe.com/content/dam/acom/en/investor-relations/pdfs/31908102/b2nBT49qVlpa1hTY.pdf in a statement.

The company has made a big push towards a subscription-based model from traditional licensed software to enjoy a more predictable recurring revenue stream.

Adobe expects current-quarter revenue of $2.42 billion and adjusted earnings of $1.87 per share, which was just 1 cent above analysts' estimate.

Net income rose to $666.3 million, or $1.34 per share, in the quarter ended Aug. 31 from $419.6 million, or 84 cents per share, a year earlier.

Excluding certain items, Adobe earned 1.73 per share, while revenue rose 24.4 percent to $2.29 billion.

Analysts on average were expecting earnings of $1.69 per share and revenue of $2.25 billion, according to Thomson Reuters I/B/E/S.

Reuters reported earlier in the day that Adobe is in negotiations to buy Marketo Inc, a privately held cloud-based marketing software company, a step that would compliment Adobe's marketing business and help it take on larger peers like Microsoft Corp.

Shares of the San Jose, California-based company, which have gained 53 percent this year, were down marginally at $268.

(Reporting by Sonam Rai in Bengaluru; Editing by Shailesh Kuber)

Stocks mentioned in the article
ChangeLast1st jan.
ADOBE SYSTEMS 0.55% 259.57 Delayed Quote.14.08%
MICROSOFT CORPORATION 1.47% 111.025 Delayed Quote.5.49%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MICROSOFT CORPORATION
09:51aEXXON : Using Microsoft Cloud Technology in Permian Operations
DJ
08:02aMICROSOFT : Albertsons Companies to Transform Experiences for Shoppers with Micr..
PR
02/21TEACHER SUPRIYA SHIVGUNDE : How Skype in the Classroom brought penguins to my sc..
PU
02/21MICROSOFT : New AI, mixed reality business solutions lead the way for Microsoft ..
PU
02/21Google's new cloud boss has big task to catch rivals, Reuters data show
RE
02/20MICROSOFT : says discovers hacking targeting democratic institutions in Europe
RE
02/20MICROSOFT : New studies highlight how AI is transforming productivity and accele..
PU
02/20NEW RESEARCH : Emotion and Cognition in the Age of AI
PU
02/20MICROSOFT : Savvy Business Leaders podcast series debuts
PU
02/20XBOX GAME PASS ANNOUNCES NEW GAMES & : Isolation,' ‘The Walking Dead: Seas..
PU
More news
Financials ($)
Sales 2019 124 B
EBIT 2019 40 532 M
Net income 2019 34 303 M
Finance 2019 58 111 M
Yield 2019 1,64%
P/E ratio 2019 24,73
P/E ratio 2020 21,89
EV / Sales 2019 6,30x
EV / Sales 2020 5,65x
Capitalization 839 B
Chart MICROSOFT CORPORATION
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 125 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Satya Nadella Chief Executive Officer & Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Jean-Philippe Courtois President-Global Sales, Marketing & Operations
Amy E. Hood Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
MICROSOFT CORPORATION5.49%839 417
RED HAT3.80%32 329
ATLASSIAN CORPORATION PLC15.80%24 679
SPLUNK INC26.29%19 569
CADENCE DESIGN SYSTEMS26.66%15 631
SYNOPSYS22.25%15 149