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Adobe has announced a new quarterly revenue record of $ 2.20 billion for its 2018 second fiscal quarter. The company saw 22% growth to $ 1.55 billion in its Digital Media segment, which includes $ 1.30 billion for Creative and a record $ 243 million for Document Cloud. The company’s Digital Experience segment experienced 18% growth to hit $ 586 million during Q2 2018, as well.
Overall, Adobe saw its year-on-year net income increase 77% on a GAAP-basis, as well as a 39% operating income increase. Looking at its Digital Media Annualized Recurring Revenue (ARR), Adobe saw its second fiscal quarter end with a $ 343 million increase to $ 6.06 billion. The Creative ARR hit $ 5.37 billion, while Document Cloud ARR increased to $ 694 million.
Talking about the record quarter, Adobe President and CEO Shantanu Narayen said:
Adobe delivers all the capabilities to enable transformative digital experiences, including content creation and management, predictive analytics and commerce. Our record results in Q2 reflect continued execution against this significant opportunity where Adobe is the clear market leader.
Narayen cited a partnership with Microsoft as a factor contributing to the favorable quarterly results, according to CNBC. Having beat analysts expectations this in Q2, Adobe anticipates third fiscal quarterly revenue of $ 2.24 billion.
Via: Adobe
Articles: Digital Photography Review (dpreview.com)