The following table summarizes Adobe’s fourth quarter fiscal year 2021 targets:ĭigital Media annualized recurring revenue (ARR)Ī reconciliation between GAAP and non-GAAP targets is provided at the end of this press release.Īdobe to Webcast Third Quarter Earnings Conference CallĪdobe will webcast its third quarter fiscal year 2021 earnings conference call today at 2:00 p.m. “Our operational rigor and data-driven insights enable us to execute while we continue to invest across massive market opportunities.”Īdobe Provides Fourth Quarter Financial TargetsĪdobe today is providing fourth quarter financial targets factoring current macroeconomic conditions and expected year-end seasonal strength.
“We drove record revenues and strong profitability in the quarter, demonstrating our ability to succeed in a dynamic environment,” said John Murphy, executive vice president and CFO, Adobe. “Our talented employees, category-defining innovation and product leadership uniquely position us for continued momentum and success.” “Adobe had another outstanding quarter as Creative Cloud, Document Cloud and Experience Cloud continue to transform storytelling, learning and conducting business in a digital-first world,” said Shantanu Narayen, president and CEO, Adobe. Remaining Performance Obligations (“RPO”) exiting the quarter were $12.63 billion, representing 22 percent year-over-year growth.Īdobe repurchased approximately 1.7 million shares during the quarter.Ī reconciliation between GAAP and non-GAAP results is provided at the end of this press release and on Adobe’s website. GAAP net income was $1.21 billion, and non-GAAP net income was $1.50 billion.Ĭash flows from operations were $1.42 billion.
GAAP operating income in the third quarter was $1.44 billion, and non-GAAP operating income was $1.81 billion. Digital Experience subscription revenue was $864 million, representing 29 percent year-over-year growth. Creative ARR grew to $9.87 billion and Document Cloud ARR grew to $1.79 billion.ĭigital Experience segment revenue was $985 million, representing 26 percent year-over-year growth.
Document Cloud revenue was $493 million, representing 31 percent year-over-year growth.ĭigital Media Annualized Recurring Revenue (“ARR”) increased $455 million quarter over quarter to $11.67 billion exiting the quarter. Creative revenue grew to $2.37 billion, representing 21 percent year-over-year growth. GAAP diluted earnings per share was $2.52, representing 28 percent year-over-year growth, and non-GAAP diluted earnings per share was $3.11, representing 21 percent year-over-year growth.ĭigital Media segment revenue was $2.87 billion, which represents 23 percent year-over-year growth. Third Quarter Fiscal Year 2021 Financial HighlightsĪdobe achieved record revenue of $3.94 billion in its third quarter of fiscal year 2021, which represents 22 percent year-over-year growth. Remaining Performance Obligations exiting the quarter were $12.6 billion, up 22 percent year over yearĪdobe (Nasdaq:ADBE) today reported financial results for its third quarter fiscal year 2021 ended Sept.
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