Adobe posts record quarterly revenue. Again
Adobe achieved record quarterly revenue of $1.68 billion in its first quarter of fiscal year 2017.
Diluted earnings per share was $0.80 on a GAAP-basis, and $0.94 on a non-GAAP basis.
Digital Media segment revenue was $1.14 billion, with record Creative revenue growing to $942 million.
Strong Creative Cloud and Document Cloud adoption and retention drove Digital Media Annualized Recurring Revenue (“ARR”) to $4.25 billion exiting the quarter, a quarter-over-quarter increase of $265 million.
Adobe Marketing Cloud achieved record revenue of $477 million.
Operating income grew 52 percent and net income grew 57 percent year-over-year on a GAAP-basis; operating income grew 40 percent and net income grew 42 percent year-over-year on a non-GAAP basis.
Cash flow from operations was a record $730 million, and deferred revenue grew to approximately $2.1 billion.
The company repurchased approximately 2.2 million shares during the quarter, returning $238 million of cash to stockholders. ■