January 22, 2018 / 9:19 PM / a year ago

BRIEF-Adobe Sees Q1 2018 Non-Gaap Earnings Per Share $1.43

Jan 22 (Reuters) - Adobe Systems Inc:

* ADOBE UPDATES Q1 AND FISCAL YEAR 2018 FINANCIAL TARGETS

* SEES FY 2018 NON-GAAP EARNINGS PER SHARE $6.20

* SEES Q1 2018 NON-GAAP EARNINGS PER SHARE $1.43

* SEES Q1 2018 GAAP EARNINGS PER SHARE ABOUT $1.05

* IMPACT OF NEW U.S. TAX LAW RESULTS IN HIGHER FISCAL YEAR 2018 EARNINGS PER SHARE TARGETS

* GIVEN ADOBE’S FISCAL YEAR 2018 BEGAN DEC. 2, 2017, COMPANY WILL HAVE A PARTIAL-YEAR IMPACT DUE TO TAX CHANGES

* EXPECTS ITS FISCAL YEAR 2018 GAAP AND NON-GAAP EFFECTIVE TAX RATES WILL DECLINE SUBSTANTIALLY FROM RATES IN FISCAL YEAR 2017

* ALSO EXPECTS FISCAL YEAR 2019 GAAP AND NON-GAAP EFFECTIVE TAX RATES TO STABILIZE AT A RATE OF APPROXIMATELY 18 PERCENT

* REAFFIRMED ITS FINANCIAL TARGETS INCLUDING REVENUE, ARR AND BOOKINGS TARGETS AS APPLICABLE FOR BOTH Q1 AND FOR FISCAL YEAR 2018

* ADOBE SYSTEMS - REAFFIRMED FINANCIAL TARGETS INCLUDING REVENUE, ANNUALIZED RECURRING REVENUE, BOOKINGS TARGETS AS APPICABLE FOR Q1, FISCAL YEAR 2018

* SEES FISCAL YEAR 2018 TOTAL REVENUE AROUND $8.725 BILLION

* SEES Q1 TOTAL REVENUE AROUND $2.040 BILLION

* Q1 EARNINGS PER SHARE VIEW $1.27, FY2018 REVENUE VIEW $8.71 BILLION — THOMSON REUTERS I/B/E/S

* Q1 REVENUE VIEW $2.04 BILLION — THOMSON REUTERS I/B/E/S

* FY2018 EARNINGS PER SHARE VIEW $5.57 — THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage:

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