Adobe Systems (ADBE) Authorizes $15 Billion Stock Repurchase Program
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Adobe Reports Record Q4 and Fiscal 2020 Revenue
December 10, 2020 8:00 AM ESTCompany Generates Record $1.8 Billion in Operating Cash Flows During Q4; Surpasses $10 Billion in Digital Media ARR
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its fourth quarter and fiscal year ended Nov. 27, 2020. In its fourth quarter of fiscal year 2020, Adobe achieved record quarterly revenue of $3.42 billion, which represents 14 percent year-over-year growth. In fiscal year 2020, Adobe achieved record annual revenue of $12.87 billion, which represents 15 percent year-over-year growth.
Adobe delivered record Q4 and FY20 revenue performance amidst an unprecedented macroeconomic environment, said Shantanu Narayen, president and... More
Adobe Outlines Growth Opportunities at Financial Analyst Meeting
December 10, 2020 8:00 AM ESTCompany Announces Incremental $15 Billion Stock Repurchase Program
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today will host a virtual financial analyst meeting with investors and financial analysts, together with its fourth quarter fiscal year 2020 earnings conference call. In addition to sharing its financial outlook, Adobes executive team will outline the companys vision, strategies and opportunities across Adobe Creative Cloud, Adobe Document Cloud, and Adobe Experience Cloud. As part of the financial analyst meeting, Adobe is announcing that its total addressable market has expanded to approximately $147 billion by... More
