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A Adobe Investor Relations Contact Jonathan Vaas Adobe ir@adobe.com Public Relations Contact Ashley Levine Adobe aslevine@adobe.com FOR IMMEDIATE RELEASE Adobe Reports Outstanding Second Quarter Results Revenue Growth of 23 % Year Over Year Drives Record $ 1.99 Billion Cash Flows from Operations SAN JOSE , Calif . - June 17 , 2021 - Adobe ( Nasdaq : ADBE ) today reported financial results for its second quarter fiscal year 2021 ended June 4 , 2021 . Second Quarter Fiscal Year 2021 Financial Highlights Adobe achieved quarterly revenue of $ 3.84 billion in its second quarter of fiscal year 2021 , which represents 23 percent year - over - year growth . Diluted earnings per share was $ 2.32 on a GAAP basis and $ 3.03 on a non - GAAP basis . Digital Media segment revenue was $ 2.79 billion , which represents 25 percent year - over - year growth . Creative revenue grew to $ 2.32 billion , representing 24 percent year - over - year growth . Document Cloud revenue was $ 469 million , representing 30 percent year - over - year growth . Digital Media Annualized Recurring Revenue ( " ARR " ) increased $ 518 million quarter - over - quarter to $ 11.21 billion exiting the quarter . Creative ARR grew to $ 9.53 billion and Document Cloud ARR grew to $ 1.68 billion . Digital Experience segment revenue was $ 938 million , representing 21 percent year - over - year growth . Digital Experience subscription revenue was $ 817 million , representing 25 percent year - over - year growth . GAAP operating income in the second quarter was $ 1.41 billion , and non - GAAP operating income was $ 1.76 billion . GAAP net income was $ 1.12 billion , and non - GAAP net income was $ 1.46 billion . Cash flows from operations were a record $ 1.99 billion . Remaining Performance Obligations ( " RPO " ) exiting the quarter were $ 12.23 billion , representing 23 percent year - over - year growth . Adobe repurchased approximately 2.1 million shares during the quarter . A reconciliation between GAAP and non - GAAP results is provided at the end of this press release and on Adobe's website . Executive Quotes " Adobe had an outstanding second quarter as Creative Cloud , Document Cloud and Experience Cloud continue to transform work , learn and play in a digital - first world , " said Shantanu Narayen , president and CEO , Adobe . " Our innovative product roadmap and unparalleled leadership in creativity , digital documents and customer experience management position us for continued success in 2021 and beyond . " " Adobe delivered strong Digital Media annualized recurring revenue and Digital Experience bookings , as well as record cash flows from operations in Q2 , " said John Murphy , executive vice president and CFO , Adobe . " The large market opportunity and momentum we are seeing across our creative , document and customer experience management businesses position us well to deliver another record year . " 1