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Adobe Q1 revenue of $1 billion

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Staff writer ▼ | March 19, 2014
Adobe reported financial results for its first quarter fiscal year 2014 ended February 28, 2014. Adobe achieved revenue of $1 billion, at the high end of its targeted range of $950 million to $1 billion.
Adobe
AdobeAdobe reported financial results for its first quarter fiscal year 2014 ended February 28, 2014. Adobe achieved revenue of $1 billion, at the high end of its targeted range of $950 million to $1 billion.


Adobe exited Q1 with 1 million 844 thousand paid Creative Cloud subscriptions, an increase of 405 thousand when compared to the number of subscriptions as of the end of Q4 fiscal year 2013.

Creative Annualized Recurring Revenue (ARR) grew to $987 million, and total Digital Media ARR grew to $1.15 billion. Adobe Marketing Cloud quarterly revenue was $267 million, representing 24 percent year-over-year growth.

Diluted earnings per share were $0.09 on a GAAP-basis, and $0.30 on a non-GAAP basis. Cash flow from opera

tions was $252 million. Deferred revenue grew by $52 million to a record $881 million. More than half of Adobe's Q1 revenue was from recurring sources such as Creative Cloud subscriptions and Adobe Marketing Cloud. The company repurchased 4.5 million shares during the quarter, returning approximately $263 million of cash to stockholders.


 

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