Adobe reports record revenue in Q3 of $1.46 billion
Diluted earnings per share were $0.54 on a GAAP-basis, and $0.75 on a non-GAAP basis.
Digital Media segment revenue was a record $990 million, with Creative revenue growing 39 percent year-over-year to a record $803 million.
Strong Creative Cloud and Document Cloud adoption drove Digital Media Annualized Recurring Revenue (ARR) to $3.70 billion exiting the quarter, a quarter-over-quarter increase of $285 million.
Adobe Marketing Cloud achieved record revenue of $404 million.
Year-over-year operating income grew 50 percent and net income grew 55 percent on a GAAP-basis; operating income grew 36 percent and net income grew 37 percent on a non-GAAP basis.
Cash flow from operations was a record $518 million, and deferred revenue grew to a record $1.80 billion.
The company repurchased approximately 3.5 million shares during the quarter, returning $344 million of cash to stockholders. ■