RSS   Newsletter   Contact   Advertise with us

Adobe Q2 revenue $3.13 billion

Christian Fernsby ▼ | June 12, 2020
Adobe reported financial results for its second quarter fiscal year 2020 ended May 29, 2020.
Adobe
Adobe   Creative revenue was $1.87 billion and Document Cloud revenue was $360 million
Adobe achieved record quarterly revenue of $3.13 billion in its second quarter of fiscal year 2020, which represents 14 percent year-over-year growth.

Topics: Adobe

Digital Media segment revenue was $2.23 billion, which represents 18 percent year-over-year growth.

Creative revenue grew to $1.87 billion and Document Cloud revenue was $360 million.

Digital Media Annualized Recurring Revenue (“ARR”) grew to $9.17 billion exiting the quarter, a quarter-over-quarter increase of $443 million.

Creative ARR grew to $7.93 billion, and Document Cloud ARR grew to $1.24 billion.

Digital Experience segment revenue was $826 million, representing 5 percent year-over-year growth.

Digital Experience subscription revenue was $707 million, representing 8 percent year-over-year growth.

Digital Experience subscription revenue, excluding Advertising Cloud revenue, grew 18 percent year-over-year.

GAAP operating income in the second quarter was $1.02 billion, and non-GAAP operating income was $1.34 billion.

GAAP net income was $1.10 billion, and non-GAAP net income was $1.19 billion.

Cash flows from operations was $1.18 billion.

Remaining Performance Obligation exiting the quarter was $9.92 billion.


 

MORE INSIDE POST