Adobe Reports Record Q2 Revenue

Most of us hate the Adobe subscription model but from a financial point of view Adobe’s strategy is working out very well. At least luckily for us Adobe’s $9,99 monthly plan has been reinstated on their subscription page (Click here).

Adobe Reports Record Q2 Revenue
Achieves 25 Percent Year-Over-Year Growth with Strong Creative, Adobe Document Cloud and Adobe Experience Cloud Revenue

Q2 FY2019 Financial Highlights

  • Adobe achieved record quarterly revenue of $2.74 billion in its second quarter of fiscal year 2019, which represents 25 percent year-over-year growth. Diluted earnings per share was $1.29 on a GAAP-basis, and $1.83 on a non-GAAP basis.
  • Digital Media segment revenue was $1.89 billion, which represents 22 percent year-over-year growth. Creative revenue grew to $1.59 billion and Document Cloud achieved revenue of $296 million. Digital Media Annualized Recurring Revenue (“ARR”) grew to $7.47 billion exiting the quarter, a quarter-over-quarter increase of $406 million. Creative ARR grew to $6.55 billion, and Document Cloud ARR grew to $921 million.
  • Digital Experience segment revenue was $784 million, representing 34 percent year-over-year growth.
  • GAAP operating income in the second quarter was $750 million, and non-GAAP operating income was $1.05 billion. GAAP net income was $633 million, and non-GAAP net income was $901 million.
  • Cash flow from operations was $1.11 billion.
  • Remaining Performance Obligation was $8.37 billion.
  • Adobe repurchased approximately 2.5 million shares during the quarter.

A reconciliation between GAAP and non-GAAP results is provided at the end of this press release and on Adobe’s website.

Executive Quotes

“Adobe’s continued momentum is being fueled by the explosion of creativity across the globe and the widespread business transformation agenda to deliver engaging customer experiences,” said Shantanu Narayen, president and CEO, Adobe. “With an innovative technology platform, exciting product roadmap and strong ecosystem of partners, we are well positioned for the second half of FY19 and beyond.”

“Adobe delivered another record quarter in Q2,” said John Murphy, executive vice president and CFO, Adobe. “Highlights include 25 percent year-over-year revenue growth, strong net new Digital Media ARR and operating cash flow of $1.11 billion.”

Adobe Provides Third Quarter Fiscal Year 2019 Financial Targets

The following table summarizes Adobe’s third quarter fiscal year 2019 targets.

Leica M-E camera officially announced

Leica officially announced the new M-E camera. It’s basically a Leica M camera that can do video :)

Press text:

24-Megapixel CMOS Sensor
Image Quality without Compromise

The new Leica M-E ranks among the most compact full-frame camera systems in the world. Its 24MP CMOS sensor offers a high light sensitivity of up to ISO 6400 – facilitating outstanding image results even in low-light situations. Its 2GB buffer memory ensures that the Leica M-E is always ready to shoot, even when capturing a rapid succession of frames – so you can rest assured that you will never miss out on the decisive moment.

Integrated Video Function
Leica Look in Full-HD

Thanks to its exceedingly high resolution and light sensitivity, the Leica M-E delivers photographs imbued with the classic ‘Leica look’, characterized by a unique bokeh rendition. Owners of the new Leica M-E are also able to apply this distinctive quality to their moving images: the Leica M-E features a 1080p, full-HD movie mode — allowing you to capture stunning videos using a dedicated recording button, adding yet another dimension to your creative pursuits.

More info at uk.leica-camera.com/Photography/Leica-M/Leica-M-E

Canon U.S.A. Announces New 120 MP Ultra-High Resolution and 2.7 MP Ultra-High Sensitivity CMOS Sensors

Canon announced two new sensors. Don’t think they will be used on any future EOS-R cameras:

MELVILLE, NY, June 20, 2019 – As image sensors are a driving force in innovating industries, Canon U.S.A., Inc., a leader in digital imaging solutions, is pleased to announce two new CMOS (complementary metal-oxide semiconductors) sensor products, the ultra-high resolution 120MXSI and ultra-high sensitivity 35MMFHDXSMA. These sensors help expand the company’s lineup of industrial vision products, and offer integrators and end users additional capabilities when developing solutions in a variety of applications1.

“As a result of Canon’s success in developing and manufacturing advanced CMOS sensors for our own purposes, we expanded to create a business platform offering select sensor capabilities for use in industrial vision applications,” said Kazuto Ogawa, president and chief operating officer, Canon U.S.A., Inc. “These two new CMOS sensors reflect Canon’s dedication to this new business, and reinforce our commitment to developing high-quality imaging solutions.”

120MXSI

The 120MXSI sensor is built with the ability to produce clear, high-quality images, making it a great fit for integrators and end users developing applications such as machine vision, security, robotics, precision agriculture and healthcare. This 120-megapixel sensor is capable of simultaneous and discrete image capture in both the visible and near-infrared spectrums2 at a maximum frame rate of 9.4 frames per second.

35MMFHDXSMA

The 35MMFHDXSMA sensor is capable of capturing monochrome imagery in extreme low-light environments where subjects would be near impossible to recognize with the naked eye. Removal of the color filter array doubles the sensitivity of the previously announced 35MMFHDXSCA sensor, providing even greater low-light capabilities. This sensor can meet a wide range of ultra-high-sensitivity needs when used as a component to support a multitude of applications developed by integrators and end users, including astrological observation, natural disaster monitoring, security and object detection, molecular and cell biology, and industrial vision.

The 120MXSI and 35MMFHDXSMA CMOS sensors will be showcased in the Canon Booth #1611 at the Sensors Expo & Conference, which, according to its organizer, is the industry’s largest event dedicated to sensors, connectivity and IoT, taking place from June 26-27, 2019 at the San Jose McEnergy Convention Center in San Jose, California.

For more information on Canon sensors, please visit canon-cmos-sensors.com.