Adobe Creative achieved record revenue exceeding $1 billion in Q2

• 7 years ago
• Categories: Adobe
• Tags: Adobe reports record revenue, financial results

Adobe started significantly increasing their profit back in 2015 when they began switching customers to the Adobe Creative Cloud subscription.

Adobe just reported that their Creative revenue hit a new record and exceeded $1 billion in Q2 (back in December 2016 Adobe also reported record revenue and net income):

• Adobe achieved record quarterly revenue of $1.77 billion in its second quarter of fiscal year 2017.
• Diluted earnings per share was $0.75 on a GAAP-basis, and $1.02 on a non-GAAP basis.
• Digital Media segment revenue was $1.21 billion, with Creative revenue growing to a record $1.01 billion.
• Strong Creative Cloud and Document Cloud adoption and retention drove Digital Media Annualized Recurring Revenue (“ARR”) to $4.56 billion exiting the quarter, a quarter-over-quarter increase of $312 million.
• Adobe Experience Cloud achieved record revenue of $495 million, which represents 29 percent year-over-year growth.
• Operating income grew 46 percent and net income grew 53 percent year-over-year on a GAAP-basis; operating income grew 42 percent and net income grew 43 percent year-over-year on a non-GAAP basis.
• Cash flow from operations was $645 million, and deferred revenue grew to approximately $2.07 billion.
• The company repurchased approximately 2 million shares during the quarter, returning $266 million of cash to stockholders.