Press release
Adobe Reports Record Q4 and Fiscal 2022 Revenue
Record Q4 Digital Media net new ARR and strong Adobe Experience Platform bookings drive business momentum SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe
About this update from Adobe Inc.
[{"type":"text","content":"\nRecord Q4 Digital Media net new ARR and strong Adobe Experience Platform bookings drive business momentum\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nAdobe (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year 2022 ended Dec. 2, 2022.\n\n“Adobe drove record revenue and operating income in fiscal 2022,” said Shantanu Narayen, chairman and CEO, Adobe. “Our market opportunity, unparalleled innovation, operational rigor and exceptional talent position us well to drive our next decade of growth.”\n\n“Adobe’s outstanding financial performance in fiscal 2022 drove record operating cash flows of $7.84 billion,” said Dan Durn, executive vice president and CFO, Adobe. “Strong demand for our offerings, industry-leading innovation and track record of top- and bottom-line growth set us up to capture the massive opportunities in 2023 and beyond.”\n\nFourth Quarter Fiscal Year 2022 Financial Highlights\n\n\nAdobe achieved revenue of $4.53 billion in its fourth quarter of fiscal year 2022, which represents 10 percent year-over-year growth or 14 percent in constant currency. Diluted earnings per share was $2.53 on a GAAP basis and $3.60 on a non-GAAP basis.\n\n\nGAAP operating income in the fourth quarter was $1.51 billion and non-GAAP operating income was $2.02 billion. GAAP net income was $1.18 billion and non-GAAP net income was $1.68 billion.\n\n\nRecord cash flows from operations were $2.33 billion.\n\n\nRemaining Performance Obligations (“RPO”) exiting the quarter were $15.19 billion.\n\n\nAdobe repurchased approximately 5.0 million shares during the quarter.\n\n\nFourth Quarter Fiscal Year 2022 Business Segment Highlights\n\n\nDigital Media segment revenue was $3.30 billion, which represents 10 percent year-over-year growth or 14 percent in constant currency. Creative revenue grew to $2.68 billion, representing 8 percent year-over-year growth or 13 percent in constant currency. Document Cloud revenue was $619 million, representing 16 percent year-over-year growth or 19 percent in constant currency.\n\n\nNet new Digital Media Annualized Recurring Revenue (“ARR”) was $576 million, exiting the quarter with Digital Media ARR of $13.97 billion. Creative ARR grew to $11.60 billion and Document Cloud ARR grew to $2.37 billion.\n\n\nDigital Experience segment revenue was $1.15 billion, representing 14 percent year-o...