Adobe Reports Record Q4 and Fiscal 2023 Revenue
Fourth Quarter Fiscal Year 2023 Financial Highlights: *Adobe achieved revenue of $5.05 billion in its fourth quarter of fiscal year 2023, which represents 12 percent year-over-year growth or 13 percent in constant currency. Diluted earnings per share was $3.23 on a GAAP basis and $4.27 on a non-GAAP basis. *GAAP operating income in the fourth quarter was $1.74 billion and non-GAAP operating income was $2.34 billion. GAAP net income was $1.48 billion and non-GAAP net income was $1.96 billion. *Cash flows from operations were $1.60 billion. *Remaining Performance Obligations (“RPO”) exiting the quarter were $17.22 billion. *Adobe repurchased approximately 1.8 million shares during the quarter.