Adobe Outlines Growth Opportunities

Adobe (Nasdaq:ADBE) today will host a financial analyst meeting at its Adobe MAX user conference with investors and financial analysts.

At today's meeting, Adobe will outline the company's momentum, opportunities and strategy across each of its major businesses. As part of their presentations, Adobe executives will present market research information which indicates the company's total addressable market has expanded to approximately $64 billion by 2019. The Company is also providing preliminary financial targets for fiscal year 2017, and is commenting on both its current Q4 FY2016 outlook and its long-term financial targets.

"Adobe's vision for delivering the world's greatest digital experiences, through our Creative Cloud, Document Cloud and Marketing Cloud solutions, continues to expand our long-term growth opportunities," said Shantanu Narayen, Adobe president and chief executive officer.

Adobe Provides Preliminary FY2017 Financial Targets

At today's financial analyst meeting, Adobe is providing preliminary financial targets for its fiscal year 2017, which are summarized in the table below.
Total Adobe revenue   Approximately $7 billion (~20 percent year-over-year growth)
Digital Media segment revenue Approximately 20 percent year-over-year growth
Digital Media Annualized Recurring Revenue ("ARR") Approximately 25 percent year-over-year growth
Adobe Marketing Cloud revenue Approximately 20 percent year-over-year growth

Adobe Marketing Cloud Annual Subscription Value ("ASV") bookings
Approximately 30 percent year-over-year growth
GAAP earnings per share Approximately $2.85
Non-GAAP earnings per share Approximately $3.75

A reconciliation between FY2017 GAAP and non-GAAP earnings per share targets is provided at the end of this press release.

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