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Adobe Inc. (ADBE) has raised its full-year earnings guidance for fiscal 2025 to $20.50-$20.70 per share from $20.20-$20.50, indicating nearly 12% year-over-year growth. This adjustment follows the strong performance of the company in the second quarter, with a 12% increase in Annual Recurring Revenue (ARR).
In the fiscal second quarter, Adobe generated $2.19 billion in operating cash flow and recorded $19.69 billion in remaining performance obligations, of which 67% is expected to be recognized within a year. The Zacks Consensus Estimate for ADBE’s earnings for fiscal 2025 is pegged at $20.63 per share.
Currently, Adobe shares have declined 18.2% year-to-date, while the broader Zacks Computer and Technology sector has returned 7.5%. Adobe’s forward Price/Sales ratio stands at 6.19X, slightly lower than the sector average of 6.6X.
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