Adobe Reports Record Revenue in Q2 Fiscal 2023

“Adobe achieved record Q2 revenue demonstrating strong demand across Creative Cloud, Document Cloud and Experience Cloud,” said Shantanu Narayen, chair and CEO, Adobe. “Adobe’s ground-breaking innovation positions us to lead the new era of generative AI given our rich datasets, foundation models and ubiquitous product interfaces.”

“Adobe delivered outstanding net new ARR and profitability in Q2, positioning us to raise our annual targets,” said Dan Durn, executive vice president and CFO, Adobe. “Our unique ability to deliver top- and bottom-line growth while investing in groundbreaking innovation sets us up to capitalize on our massive $200+ billion market opportunity.”

Second Quarter Fiscal Year 2023 Financial Highlights:
*Adobe achieved revenue of $4.82 billion in its second quarter of fiscal year 2023, which represents 10 percent year-over-year growth or 13 percent in constant currency. Diluted earnings per share was $2.82 on a GAAP basis and $3.91 on a non-GAAP basis.
*GAAP operating income in the second quarter was $1.62 billion and non-GAAP operating income was $2.18 billion. GAAP net income was $1.30 billion and non-GAAP net income was $1.79 billion.
*Cash flows from operations were $2.14 billion.
*Remaining Performance Obligations (“RPO”) exiting the quarter were $15.22 billion.
*Adobe repurchased approximately 2.7 million shares during the quarter.
details at: https://news.adobe.com/news/news-details/2023/Adobe-Reports-Record-Revenue-in-Q2-Fiscal-2023/default.aspx

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