First Quarter Financial Highlights •Adobe achieved record quarterly revenue of $1.38 billion, representing year-over-year growth of 25 percent. •Diluted earnings per share were $0.50 on a GAAP-basis, and $0.66 on a non-GAAP basis. •Digital Media segment revenue grew by 33 percent year-over-year to a record $932 million, with Creative revenue growing 44 percent year-over-year to a record $733 million. •Strong Creative Cloud adoption drove Digital Media Annualized Recurring Revenue (“ARR”) to $3.13 billion exiting the quarter, an increase of $246 million. •Adobe Marketing Cloud achieved strong bookings growth, and record revenue of $377 million that represents year-over-year growth of 21 percent.
Dear Industry Member:
On March 3rd, the U.S. House of Representatives Small Business Committee will hold a hearing on the problems plaguing small businesses following the South Dakota v. Wayfair ruling. ACMA will be submitting written testimony for the Congressional Record.
As part of this testimony, we will reference (by attachment) real life stories and anecdotes that illustrate the direct impact, struggles, and harm this ruling has caused businesses like yours. This is a chance to have your story heard and make an impact.
Help Yourself By Helping Us
To have your story and your voice heard, please send us a document on your letterhead telling how this ruling has negatively impacted your business. Your story will help fuel our position. (Suppliers are also welcome to summarize your clients’ travails.)
Thank you to those who previously provided information detailng your stories. We intend to include them too, but the more the merrier. So to be included, please send your story to firstname.lastname@example.org by no later than Monday, February 24th.
Please note, these will be made public.