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Software maker Adobe has today published its financial results for the second quarter fiscal year 2017 ended June 2, and the company reports a record quarterly revenue of $ 1.77 billion. At the same time operating income was increased by 46 percent and net income by 53 percent year-over-year on a GAAP-basis.
“Digital transformation continues to be the burning agenda for creative professionals, enterprises, governments and educational institutions,” said Shantanu Narayen, president and CEO, Adobe. “Adobe is the go-to company for creating world-class digital customer journeys from design to delivery to measurement and monetization.”
Other highlights of the financial results include the following:
- Diluted earnings per share was $ 0.75 on a GAAP-basis, and $ 1.02 on a non-GAAP basis.
- Digital Media segment revenue was $ 1.21 billion, with Creative revenue growing to a record $ 1.01 billion.
- Strong Creative Cloud and Document Cloud adoption and retention drove Digital Media Annualized Recurring Revenue (“ARR”) to $ 4.56 billion exiting the quarter, a quarter-over-quarter increase of $ 312 million.
- Adobe Experience Cloud achieved record revenue of $ 495 million, which represents 29 percent year-over-year growth.
- Operating income grew 46 percent and net income grew 53 percent year-over-year on a GAAP-basis; operating income grew 42 percent and net income grew 43 percent year-over-year on a non-GAAP basis.
- Cash flow from operations was $ 645 million, and deferred revenue grew to approximately $ 2.07 billion.
- The company repurchased approximately 2 million shares during the quarter, returning $ 266 million of cash to stockholders.
More information and detailed figures are available on the Adobe website.
Articles: Digital Photography Review (dpreview.com)
