Summary
Adobe Inc. (ADBE) filed an 8-K on March 15, 2018, to announce its financial results for the first fiscal quarter ended March 2, 2018. The report primarily furnishes a press release detailing record revenue for the quarter, highlighting strong performance. Investors should note that Adobe provided both GAAP and non-GAAP financial measures. The company emphasizes its use of non-GAAP measures to offer supplemental insights into operational performance, excluding items such as stock-based compensation, restructuring charges, and amortization of purchased intangibles, which management uses for internal decision-making and budgeting.
Key Highlights
- 1Adobe announced its first fiscal quarter 2018 financial results on March 15, 2018.
- 2The company reported record revenue for the quarter, indicating strong top-line growth.
- 3The 8-K filing includes a press release furnished as Exhibit 99.1, containing detailed financial results.
- 4Adobe presented both GAAP and non-GAAP financial measures in its earnings announcement.
- 5The company clearly outlines the adjustments made to calculate non-GAAP financial measures, such as excluding stock-based compensation, restructuring charges, and amortization of purchased intangibles.
- 6Adobe's management believes non-GAAP measures provide meaningful supplemental information for assessing operational performance and facilitating comparisons.
- 7The filing serves as an announcement of financial results and does not typically include forward-looking guidance beyond what is in the furnished press release.