Adobe Q2 revenue $3.13 billionChristian Fernsby ▼ | June 12, 2020
Adobe reported financial results for its second quarter fiscal year 2020 ended May 29, 2020.
Adobe Creative revenue was $1.87 billion and Document Cloud revenue was $360 million
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. ■