Similar companies
| Company | Revenue | |
|---|---|---|
 |
OracleORCL |
17.1B N/A |
 |
Progress SoftwarePRGS |
175M N/A |
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 5.31B | 2.5% |
| Gross Profit | 4.71B | 2.6% |
| Cost of Revenue | 598M | 1.4% |
| Operating expense | 2.83B | 23.3% |
| Net Income | 1.57B | 153.7% |
| EBITDA | 2.06B | 90.5% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 30B | 4.4% |
| Total Liabilities | 15.2B | 14.1% |
| Total Equity | 14.8B | 4% |
| Shares Outstanding | 449M | 0.9% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.94B | 65.2% |
| Cash from investing | 111M | 68.2% |
| Cash from financing | -642M | 69.8% |
EPS
Financial Highlights for Adobe in Q2 '24
Adobe reported a revenue of 5.31B, which is a 2.5% 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 4.71B, marking a 2.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 598M, 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 2.83B, showing a -23.3% 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 1.57B, showing a 153.7% 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 2.06B, showing a 90.5% 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.