Adobe Reports Record Revenue in Q3 Fiscal 2023
Third Quarter Fiscal Year 2023 Financial Highlights *Adobe achieved revenue of $4.89 billion in its third quarter of fiscal year 2023, which represents 10 percent year-over-year growth or 13 percent in constant currency. *GAAP operating income in the third quarter was $1.70 billion. GAAP net income was $1.40 billion. *Cash flows from operations were $1.87 billion. *Remaining Performance Obligations (“RPO”) exiting the quarter were $15.72 billion. *Adobe repurchased approximately 2.1 million shares during the quarter.