Adobe Inc Q1 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Kasthuri Gopalan Rangan - Goldman Sachs Group, Inc., Research Division - Analyst : Congrats on the quarter. The numbers look quite good for Q1. So Shantanu, I'm curious, the shifting seasonality, generally when you find a more seasonal second half, that's generally a sign of maturity in the market or macro factors or just product transition factors. But when I look at your second half, you do have relatively easier comps for DM ARR, right? And then you have the pricing optimization. So if we net it all out, how do you feel about the business in the second half relative to going into the first quarter, granted that we have all these macroeconomic concerns? But net of the positives against -- net of the negatives against the positives, how do you feel today versus 3 months back about the rest of the fiscal year?

Question: Kasthuri Gopalan Rangan - Goldman Sachs Group, Inc., Research Division - Analyst : And Shantanu, just one final follow-up. The clear -- I know that you want to talk about the Document Cloud and the Experience Cloud, but I remember fall of 2011, you've made a very bold transition to Creative Cloud subscription. You, in fact, outlined that you have a target of 4 million subscribers in fiscal '15, which seemed quite visionary back then, right? So as you look at the inflection point going -- the company is going through, what are your aspirations for Creative Cloud Express if you were to measure it in subscribers or how big of a business would you like it to be? What would be your similar prognostication as you look into the next few years? And that's it for me. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 22, 2022 / 9:00PM, ADBE.OQ - Q1 2022 Adobe Inc Earnings Call