Adobe is crashing it and reported a record revenue:
- Adobe achieved record quarterly revenue of $2.08 billion in its first quarter of fiscal year 2018, which represents 24 percent year-over-year revenue growth.
- Diluted earnings per share was $1.17 on a GAAP-basis, and $1.55 on a non-GAAP basis.
- Digital Media segment revenue was $1.46 billion, with Creative revenue growing to $1.23 billion and Document Cloud achieving revenue of $231 million.
- Digital Media Annualized Recurring Revenue (“ARR”) grew to $5.72 billion exiting the quarter, a quarter-over-quarter increase of $336 million. Creative ARR grew to $5.07 billion, and Document Cloud ARR grew to $647 million.
- Digital Experience segment revenue was $554 million, which represents 16 percent year-over-year growth.
- Operating income grew 50 percent and net income grew 46 percent year-over-year on a GAAP-basis; operating income grew 43 percent and net income grew 64 percent year-over-year on a non-GAAP basis.
- Cash flow from operations was $990 million, and deferred revenue grew 25 percent year-over-year to approximately $2.57 billion.
- Adobe repurchased approximately 1.6 million shares during the quarter, returning $301 million of cash to stockholders.
I am no more using Adobe products because of the subscription model. There are many alternatives out there. Some good and some not so good. I give you possible options where you can get a discount:
1) 10% discount on Capture One 11 (Click here) with the coupon code “AMB43R“.
Capture One is a damn serious alternative to Adobe. Probably the only one that top professionals should consider to buy.
2) Luminar 2018 (Click here) and Aurora HDR (Click here). On both you save additional $10 on checkout using the code “43RUM“.
This software is way cheaper than Capture One and also offers less professional tools. But it’s good enough for most of the photographers out there and it will have some major update soon with a new DAM module coming soon.