Management also issued relatively strong guidance, forecasting that revenue would grow by about 9% in fiscal 2023 despite a challenging economic backdrop. 2, Adobe grew revenue 10% year over year to $4.53 billion. In its fiscal 2022 fourth quarter, which ended Dec.
Adobe's free cash flow use will change depending on the acquisition result
Adobe's more recent financial results were quite strong.ĪDBE Price to Free Cash Flow data by YCharts. And the pessimism here likely isn't warranted.
This makes me believe that both those who favor the deal and those who don't have left the stock, leaving the door open for long-term investors to scoop up Adobe at a cheap valuation: Its price-to-free-cash-flow ratio is near its lowest point in a decade, since it switched to a software-as-a-service (SaaS) business model.
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