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Earnings Outlook: Adobe earnings: $100 billion valuation to get its first big test

Adobe Systems Inc.’s transition to the cloud has helped fuel the software company’s rise to a $100 billion company, but investors are hungry for more and will be looking for continued growth to justify the richer valuation.

Adobe ADBE, -0.53% is scheduled to report fiscal first-quarter earnings after the close on Thursday, less than a month after cresting the $100 billion plateau for the first time. Since Adobe first announced its cloud-subscription model back in late 2013, shares have grown 370%, and analysts don’t expect the party to end now, pointing to 20% or more organic revenue growth from Adobe’s cloud model.

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