![]() ![]() Slack's App Focus Will Be Key to Post-IPO Success. What Apps Will Drive More Traction for Cloudera?. Open Platform Strategy Stands Intuit in Good Stead. Tableau Grows Through Small Acquisitions. Zendesk and Freshworks Follow Different Acquisition Strategies. ServiceNow Grows Through Addition of Capital-Efficient Startups. Bootstrapped Unicorn Atlassian is Acquiring Capital Efficient Startups. Smartsheet Acquiring Bootstrapped Startups to Drive Growth. I am not a registered investment adviser and I am not receiving compensation for this article. The information presented is illustrative and educational, but should not be regarded as a complete analysis nor recommendation to buy or sell the securities mentioned herein. While this may have bearing on stock movements, my writings tend to focus on long-term implications. My primary interest is in product strategy. ![]() This article expresses my own opinions based on my own research of product-market fit, channel execution, and other factors. It was trading at a 52-week low of $420.78 in March.ĭisclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. It touched a 52-week high of $673.88 in September. Its stock is currently trading at $630.84 with a market capitalization of $300.5 billion. Prior to the acquisition, Frame.io had raised $90.2 million in five rounds of funding led by investors including FirstMark, Shasta Ventures, Accel, Insight Partners, and SignalFire. The acquisition will allow Adobe to combine its creative software, including Premiere Pro and After Effects video editing products, with Frame.io’s review and approval functionality to deliver a collaboration platform to power the video editing process. It helps deliver a collaborative workflow environment that accelerates the development of video content. By enabling real-time footage upload, access, and in-line stakeholder collaboration in a secure environment across platforms, Frame.io eliminates the inefficiencies of video workflows. Frame.io has over a million users across media and entertainment companies, agencies, and global brands, and helps them streamline the video production process by enabling video editors and key project stakeholders to seamlessly collaborate using cloud-first workflows. Founded in 2104 by Emily Wells and John Traver, Frame.io is a cloud-based video collaboration platform that allows users to upload source media and assets into private workspaces. The market was looking for revenues of $3.89 billion with an EPS of $3.01.Īdobe recently announced the acquisition of New York-based Frame.io for an estimated $1.275 billion. The management attributed steep summer seasonality as the reason for the slowdown and anticipates things to pick back up in the fourth quarter.Īdobe expects to end the fourth quarter with revenues of $4.07 billion and non GAAP EPS of $3.18. Net new ARR additions exceeded the guidance of $440 million but were short of the market’s expectations of $480-500 million.Īlso, while Adobe did manage to beat the metric compared with its guidance by 3%, it had delivered far stronger results in previous quarters, when it beat the guidance by 15% in Q2 and by 6% in Q1. Digital Media Digital Media ARR grew to $11.67 billion, a q-o-q increase of $455 million. ![]() Revenues from the Digital Experience segment were $985 million.Ĭreative Annualized Recurring Revenue (ARR) grew to $9.87 billion, and Document Cloud ARR grew to $1.79 billion. Adjusted EPS of $3.11 also beat analyst estimates of $3.02.īy segment, revenues from the Digital Media segment grew 23% to $2.87 billion with Creative revenue growing to $2.37 billion and Document Cloud growing to $493 million. Adobe is looking at expanding its presence within the video content segment through acquisitions to help drive growth.Īdobe’s third quarter revenues grew 22% to $3.94 billion, ahead of the market’s estimates of $3.56 billion. Earlier this week Adobe (NASDAQ: ADBE) reported its quarterly results that continued to outpace market expectations. ![]()
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