Adobe targets 20% revenue growth between FY 2015 and 2018

Adobe company
Adobe today said it targets 20 percent revenue growth (CAGR) between FY 2015 and 2018.

Adobe will host a financial analyst meeting at its Adobe MAX user conference to outline its strategy, and discuss multi-year financial growth targets for its business.

FY2015 – FY2018 Financial Targets

Total Adobe revenue  – Approximately 20 percent CAGR
Digital Media segment revenue – Greater than 20 percent CAGR
Digital Media ARR – Greater than 20 percent CAGR
Adobe Marketing Cloud revenue – Greater than 20 percent CAGR
Adobe Marketing Cloud bookings – Approximately 30 percent CAGR
Non-GAAP earnings per share – Approximately 30 percent CAGR
Operating cash flow – Approximately 25 percent CAGR

FY2016 Financial Targets

Total Adobe revenue – Approximately $5.7 billion
Digital Media segment revenue –  Approximately 20 percent growth
Digital Media ARR – Approximately 25 percent growth
Adobe Marketing Cloud revenue – Approximately 20 percent growth
Adobe Marketing Cloud bookings – Approximately 30 percent growth
GAAP earnings per share – Approximately $1.80
Non-GAAP earnings per share – Approximately $2.70

“Adobe is the only company that brings great content and powerful data together, enabling millions of customers globally to build high-impact digital experiences,” said Shantanu Narayen, Adobe president and chief executive officer. “We are targeting 20 percent revenue and 30 percent non-GAAP earnings CAGRs between FY15 and FY18 that reflect our business momentum and growing addressable markets.”

Arya MM
[email protected]