Earnings release
Page 1
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 Record Revenue Remaining Performance Obligations exiting the quarter were $ 12.6 billion , up 22 percent year over year SAN JOSE , Calif . - Sept. 21 , 2021 - Adobe ( Nasdaq : ADBE ) today reported financial results for its third quarter fiscal year 2021 ended Sept. 3 , 2021 . Third Quarter Fiscal Year 2021 Financial Highlights Adobe achieved record revenue of $ 3.94 billion in its third quarter of fiscal year 2021 , which represents 22 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 . Digital Media segment revenue was $ 2.87 billion , which represents 23 percent year - over - year growth . Creative revenue grew to $ 2.37 billion , representing 21 percent year - over - year growth . Document Cloud revenue was $ 493 million , representing 31 percent year - over - year growth . Digital Media Annualized Recurring Revenue ( " ARR " ) increased $ 455 million quarter over quarter to $ 11.67 billion exiting the quarter . Creative ARR grew to $ 9.87 billion and Document Cloud ARR grew to $ 1.79 billion . Digital Experience segment revenue was $ 985 million , representing 26 percent year - over - year growth . Digital Experience subscription revenue was $ 864 million , representing 29 percent year - over - year growth . GAAP operating income in the third quarter was $ 1.44 billion , and non - GAAP operating income was $ 1.81 billion . GAAP net income was $ 1.21 billion , and non - GAAP net income was $ 1.50 billion . Cash flows from operations were $ 1.42 billion . Remaining Performance Obligations ( " RPO " ) exiting the quarter were $ 12.63 billion , representing 22 percent year - over - year growth . • Adobe repurchased approximately 1.7 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 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 . " Our talented employees , category - defining innovation and product leadership uniquely position us for continued momentum and success . " " 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 operational rigor and data - driven insights enable us to execute while we continue to invest across massive market opportunities . "