Boston, MA 12/16/2013 (wallstreetpr) – Adobe Systems Incorporated (NASDAQ:ADBE) has announced its financial results for the financial year ending Nov 2014.
The company has followed through with its cloud-based subscription services, going on to become one of the first of editing tools major of this calibre to make the move and sustain it.
Most competitors are in varying stages of moving to cloud-based services and are yet to catch-up with this early adopter.
Besides, Adobe Systems in many ways has laid open to other enterprises to recognize challenges in their sector of service and pick a few chapters from Adobe’s successful systems.
The move to cloud-based services has definitely affected revenue earnings for this technology tools major through the year. This is expected to be the same for the next financial year as well, if the forecast are any indication.
FY2014 will be light growth
The revenue earnings thus far indicate that the move towards subscriptions for Cloud based services from the earlier pre-paid services that were followed with the Creative Suite licenses have meant that the financial positions will be learnt only at the end of each subscription cycle.
Adobe Systems Incorporated (NASDAQ:ADBE) announced that for the first quarter of 2014, the revenue earnings would be in the region of $950 million and $1 billion, with a guidance level of $0.22 to $0.28. The overall guidance for the year will remain flat claims the company.
Estimates indicate that the growth will be in the region of $1.10 EPS. Adobe’s strength thus far has been its Neolane addition. Besides, the levels of use transpired on the Marketing Cloud services translated to 38% revenue of $316 million.
However, there was some glitches which Adobe Systems Incorporated (NASDAQ:ADBE) had to go through in early November. These included a breach of services, when security was compromised and over 150 million user passwords were gobbled by a website used by criminals.
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