Press release
Adobe Reports Record Revenue in Q2 Fiscal 2022
Cash Flows from Operations Exceed $2 Billion in the Quarter SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq:ADBE) today reported financial results for its
About this update from Adobe Inc.
[{"type":"text","content":"\nCash Flows from Operations Exceed $2 Billion in the Quarter\n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nAdobe (Nasdaq:ADBE) today reported financial results for its second quarter fiscal year 2022 ended June 3, 2022.\n\n“Adobe achieved record Q2 revenue with strong demand across Creative Cloud, Document Cloud and Experience Cloud,” said Shantanu Narayen, chairman and CEO, Adobe. “We are winning in our established businesses and seeing significant momentum in new categories from content authoring for a broad base of creators to PDF functionality on the web to the leading real-time customer data platform for global enterprises.”\n\n“We delivered another quarter of strong financial results, with greater than $2 billion in operating cash flows demonstrating the strength of Adobe’s growing revenue streams and financial discipline,” said Dan Durn, executive vice president and CFO, Adobe. “Our operating model continues to fuel consistent growth, enabling the company to invest in category-leading cloud solutions and emerging innovations that are gaining traction in the marketplace.”\n\nSecond Quarter Fiscal Year 2022 Financial Highlights\n\n\nAdobe achieved record revenue of $4.39 billion in its second quarter of fiscal year 2022, which represents 14 percent year-over-year growth or 15 percent in constant currency. Diluted earnings per share was $2.49 on a GAAP basis and $3.35 on a non-GAAP basis.\n\n\nGAAP operating income in the second quarter was $1.53 billion, and non-GAAP operating income was $1.97 billion. GAAP net income was $1.18 billion, and non-GAAP net income was $1.59 billion.\n\n\nCash flows from operations were $2.04 billion.\n\n\nRemaining Performance Obligations (“RPO”) exiting the quarter were $13.82 billion.\n\n\nAdobe repurchased approximately 1.9 million shares during the quarter.\n\n\nSecond Quarter Fiscal Year 2022 Business Segment Highlights\n\n\nDigital Media segment revenue was $3.20 billion, which represents 15 percent year-over-year growth or 16 percent in constant currency. Creative revenue grew to $2.61 billion, representing 12 percent year-over-year growth or 14 percent in constant currency. Document Cloud revenue was $595 million, representing 27 percent year-over-year growth or 28 percent in constant currency.\n\n\nNet New Digital Media Annualized Recurring Revenue (“ARR”) was $464 million, exiting the qua...