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Adobe Achieves Record Revenue, Celebrates With Price Increases

Adobe Achieves Record Revenue, Celebrates With Price Increases

By Canon Rumors | March 16, 2018 | Third Party Software

SAN JOSE, Calif.–(BUSINESS WIRE)–Adobe (Nasdaq:ADBE) today reported strong financial results for its first quarter fiscal year 2018 ended March 2, 2018.

Financial Highlights

  • Adobe achieved record quarterly revenue of $2.08 billion in its first quarter of fiscal year 2018, which represents 24 percent year-over-year revenue growth.
  • Diluted earnings per share was $1.17 on a GAAP-basis, and $1.55 on a non-GAAP basis.
  • Digital Media segment revenue was $1.46 billion, with Creative revenue growing to $1.23 billion and Document Cloud achieving revenue of $231 million.
  • Digital Media Annualized Recurring Revenue (“ARR”) grew to $5.72 billion exiting the quarter, a quarter-over-quarter increase of $336 million. Creative ARR grew to $5.07 billion, and Document Cloud ARR grew to $647 million.
  • Digital Experience segment revenue was $554 million, which represents 16 percent year-over-year growth.
  • Operating income grew 50 percent and net income grew 46 percent year-over-year on a GAAP-basis; operating income grew 43 percent and net income grew 64 percent year-over-year on a non-GAAP basis.
  • Cash flow from operations was $990 million, and deferred revenue grew 25 percent year-over-year to approximately $2.57 billion.
  • Adobe repurchased approximately 1.6 million shares during the quarter, returning $301 million of cash to stockholders.

A reconciliation between GAAP and non-GAAP results is provided at the end of this press release and on Adobe’s website.

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Industry News: PENTAX K-1 Owners Can Upgrade to the Mark II Version For $550

Industry News: PENTAX K-1 Owners Can Upgrade to the Mark II Version For $550

By Canon Rumors | February 21, 2018 | Industry News

WEST CALDWELL, NJ, February 21, 2018-In conjunction with the announcement of the new PENTAX K-1 Mark II 35mm full-frame digital SLR (DSLR) camera, Ricoh Imaging Americas Corporation today announced an upgrade service for current PENTAX K-1 owners.

The program allows current PENTAX K-1 owners to upgrade their current camera to receive the advanced functions of the new PENTAX K-1 Mark II.

Here is an overview of the upgrade service:

– The upgrade service will be available for a limited time, from May 21, 2018 – September 30, 2018- Upgrade cost: $550USD / $690 CAD- Cameras will need to be shipped to Precision Camera (US) and Sun Camera (Canada)

The upgrade entails replacing the PENTAX K-1’s main circuit board to add new functions featured in the new PENTAX K-1 Mark II camera. Additionally, the current “SR” logo on the PENTAX K-1 will be replaced with the new PENTAX K-1 Mark II logo.

More details on the program will be released in the upcoming weeks. Please go to www.us.ricoh-imaging.com or email us at conact@us.ricoh-imaging.com for more information.

Industry News: Ricoh announces the PENTAX K-1 Mark II Full-Frame DSLR

Industry News: Ricoh announces the PENTAX K-1 Mark II Full-Frame DSLR

By Canon Rumors | February 21, 2018 | Industry News

Flagship model in the PENTAX K series camera line updated to deliver even higher image quality and enhanced performance in challenging shooting conditions

WEST CALDWELL, NJ, February 21, 2018-Ricoh Imaging Americas Corporation today announced the PENTAX K-1 Mark II 35mm full-frame digital SLR (DSLR) camera. Developed as the successor to the PENTAX K-1 full-frame DSLR camera launched in April 2016, the compact, rugged and weather-resistant PENTAX K-1 Mark II now becomes the flagship camera in the acclaimed PENTAX K-series lineup. The camera incorporates new technologies that allow it to deliver outstanding image quality and improved operability in a broader range of shooting conditions.

The PENTAX K-1 Mark II uses the same full-frame Anti-aliasing (AA)-filterless CMOS sensor with 36.4 effective megapixels as its predecessor model. However, Ricoh has added a new accelerator unit to the PENTAX K-1 Mark II that—along with the camera’s PRIME IV image processor—enables it to produce high-resolution images with minimal noise in even in the most challenging low-light conditions, up to ISO 819200. This makes the new camera ideal for low-light photography where higher shutter speeds are required.

The camera also incorporates Pixel Shift Resolution System II. This new, PENTAX-developed technology uses the same in-camera shake-reduction (SR) mechanism and sensor-shift capabilities as the original Pixel Shift Resolution System found in the PENTAX K-1, which captures four images of the same scene, and then synthesizes them into a single, super-high-resolution composite image. With the Pixel Shift Resolution System II, the camera also obtains RGB color data, resulting in images with significantly finer details and truer colors than those produced by typical full-frame sensors.

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Industry News: Samsung Shows Off The World’s Largest SSD at 30.72TB

Industry News: Samsung Shows Off The World’s Largest SSD at 30.72TB

By Canon Rumors | February 20, 2018 | Industry News

New ‘PM1643’ is built on latest 512Gb V-NAND to offer the most advanced storage, featuring industry-first 1TB NAND flash package, 40GB of DRAM, new controller and custom software

Korea on February 20, 2018 – Samsung Electronics, the world leader in advanced memory technology, today announced that it has begun mass producing the industry’s largest capacity Serial Attached SCSI (SAS) solid state drive (SSD) – the PM1643 – for use in next-generation enterprise storage systems. Leveraging Samsung’s latest V-NAND technology with 64-layer, 3-bit 512-gigabit (Gb) chips, the 30.72 terabyte (TB) drive delivers twice the capacity and performance of the previous 15.36TB high-capacity lineup introduced in March 2016.

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Sigma Corporation Announces Launch of its First Web Magazine “SEIN Online”

Sigma Corporation Announces Launch of its First Web Magazine “SEIN Online”

By Canon Rumors | February 20, 2018 | Industry News

The company’s internal digital magazine will feature a variety of content highlighting the art of photography

February 20, 2018 – Sigma Corporation is proud to announce the launch of its first online publication, SEIN Online. An original web magazine available in both English and Japanese, SEIN Online aims to share Sigma’s passion and respect for visual culture and the art of photography, highlight the company’s unique approach to manufacturing, and shed light on the challenges involved in its quest to create the world’s best optical gear.

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