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Adobe Q2 revenue $1.07 billion

Staff writer ▼ | June 18, 2014
Adobe reported financial results for its second quarter of fiscal year 2014 ended May 30, 2014. The company achieved revenue of $1.07 billion, above the high end of its targeted range of $1.00 billion to $1.05 billion.
Adobe
AdobeAdobe reported financial results for its second quarter of fiscal year 2014 ended May 30, 2014. The company achieved revenue of $1.07 billion, above the high end of its targeted range of $1.00 billion to $1.05 billion.


Adobe exited Q2 with 2 million 308 thousand paid Creative Cloud subscriptions, an increase of 464 thousand when compared to the number of subscriptions as of the end of Q1 fiscal year 2014.

Creative Annualized Recurring Revenue (ARR) grew to $1.20 billion, and total Digital Media ARR grew to $1.38 billion.

Adobe Marketing Cloud quarterly revenue was $283 million, representing 23 percent year-over-year growth.

Diluted earnings per share were $0.17 on a GAAP-basis, and $0.37 on a non-GAAP basis.

Cash flow from operations was $368 million and deferred revenue grew to a record $929 million.

53 percent of Adobe’s Q2 revenue was from recurring sources such as Creative Cloud and Adobe Marketing Cloud.

The company repurchased approximately 2.6 million shares during the quarter, returning approximately $166 million of cash to stockholders.


 

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