company ADBE - SteadyBase

steadybase-$ company ADBE

account_id none on file

legal_name Adobe Inc.

ticker ADBE

cik 796343

domain adobe.com

linkedin_company_url https://www.linkedin.com/company/adobe

entry_point_account_id none on file

exchange Nasdaq

sector Technology

hq San Jose, CA, United States

irhttps://www.adobe.com/investor-relations.html

sector index/company/sector/technology/

calls 19 filings 43 executives 13 family 0

why_nownone on file

calls

In Q1, we continued to increase investments in initiatives that will drive long-term revenue growth, including ramping headcount across R&D and sales capacity. Travel and facilities remained at lower levels in Q1, but we're increasing facilities utilization and travel in Q2 as we resume in-person meetings with customers and partners.

Mar 22, 2022 / receipt, needs a key / Dan Dern, CFO | earnings call 2022-03-22 | transcript 0a7a16a9-c2d4-4d50-8802-7c3b3189a718 | chars 19170-19505 | segment 19

As the world reopens, we expect to increase our travel and facilities expenses.

Mar 22, 2022 / receipt, needs a key / Dan, CFO | earnings call 2022-03-22 | transcript 0a7a16a9-c2d4-4d50-8802-7c3b3189a718 | chars 23137-23216 | segment 23

So Our investments in things like travel facilities weren't as robust as originally contemplated, and you saw a little bit of uplift from a margin structure standpoint in Q1.

Mar 22, 2022 / receipt, needs a key / Dan, CFO | earnings call 2022-03-22 | transcript 0a7a16a9-c2d4-4d50-8802-7c3b3189a718 | chars 44530-44704 | segment 45

For operating expenses, we continue to save on travel and facilities in fiscal year 2021, while many of our employees continue to work from home. We expect these expenses to ramp throughout FY 2022.

Dec 20, 2021 / receipt, needs a key / Dan, CFO | earnings call 2021-12-20 | transcript 05a693b9-f9a9-4010-87e0-eb5e66689cf9 | chars 52260-52458 | segment 54

We began to reopen our facilities and return to moderate levels of business travel.

Sep 21, 2021 / receipt, needs a key / John Murphy, CFO | earnings call 2021-09-21 | transcript 9c9489a9-179d-48b7-b759-f1780a9866c9 | chars 16115-16198 | segment 16

We had indicated that with the more of a reopening across different regions, we would start to see our facilities come online, our business travel come back, and certainly continue our hiring ramp. With the Delta variant, we probably slowed that down a little bit, and so that contributed to the margin expansion you saw in Q3.

Sep 21, 2021 / receipt, needs a key / John Murphy, CFO | earnings call 2021-09-21 | transcript 9c9489a9-179d-48b7-b759-f1780a9866c9 | chars 30746-31073 | segment 31

We are investing in our facilities as we reimagine the future of work, and many of our employees return to offices and business travel during Q3.

Jun 17, 2021 / receipt, needs a key / John Murphy, CFO | earnings call 2021-06-17 | transcript 79831672-224c-4574-9099-af723081349e | chars 17900-18045 | segment 17

Yeah, we definitely think they'll come down slightly in Q3 and Q4 as we open up. I mean, we're continuing to invest, as we talked about, we're hiring in R&D, we're definitely investing in sales and variable marketing to really drive the business and execute against the huge TAMs that we have across all three businesses. So, you know, with the momentum that we have in the business, we want to make sure that we, you know, capitalize on that momentum and invest to be able to capture it. But certainly, as I said, you know, as things are opening up, we'll see some of those expenses come back online as we, you know, more people. It'll be a phase in, you know, reentry approach for us through Q3 and Q4, but certainly business travelers will start to pick up as well.

Jun 17, 2021 / receipt, needs a key / John, CFO | earnings call 2021-06-17 | transcript 79831672-224c-4574-9099-af723081349e | chars 33886-34654 | segment 33

Savings from T&E and site operations are continuing as our employees work from home.

Jun 17, 2021 / receipt, needs a key / John Murphy, CFO | earnings call 2021-06-17 | transcript 79831672-224c-4574-9099-af723081349e | chars 17815-17899 | segment 17

And so the value proposition of the PDF file format, the value proposition of Acrobat as an essential productivity tool for knowledge workers, the availability of sign, what we are doing with forms, and embedded payments i think it's the combination of all of that whether you're again somebody trying to deliver vaccines for employees or somebody trying to create a new travel authorization or expense i mean documents are the fundamental currency of modern business and automating that only has value and i think our team has done a good job we don't go to market saying here's a document cloud solution or here's an experience cloud solution we go in saying here's the use case for if you're in travel and hospitality or retail or financial services or pharma.

Jun 17, 2021 / receipt, needs a key / Greg Moskowitz, other | earnings call 2021-06-17 | transcript 79831672-224c-4574-9099-af723081349e | chars 52516-53279 | segment 53

We continue to drive savings from travel and entertainment and facilities operations as our employees work from home.

Mar 23, 2021 / receipt, needs a key / John, CFO | earnings call 2021-03-23 | transcript 82425344-3ddc-416d-834d-f2bef8c6ce48 | chars 18548-18665 | segment 18

We expect operating margin to be relatively flat from Q2 to Q3 and then dip slightly in Q4 as we get back to spending on travel and reoccupying our facilities.

Mar 23, 2021 / receipt, needs a key / Shantanu Narayen, CEO | earnings call 2021-03-23 | transcript 82425344-3ddc-416d-834d-f2bef8c6ce48 | chars 22014-22173 | segment 22

filings

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