|No data for previous quarter available yet.|
Income Statement (USD)
|Cost of Revenue||580M|
Balance Sheet (USD)
Cash Flow (USD)
|Cash from operations||1.87B|
|Cash from investing||145M|
|Cash from financing||-871M|
Financial Highlights for Adobe in Q3 '23
Adobe reported a revenue of 4.89B, which is a 1.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 4.31B, marking a 1.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 580M, a 1.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.61B, showing a -0.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.4B, showing a 8.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.86B, showing a -1.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Adobe with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.