Adobe Reports Record Revenue in Q2 Fiscal 2023
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.