|Adobe Reports Record Revenue|
Adobe achieved record quarterly revenue of $1.84 billion in its third quarter of fiscal year 2017, which represents 26 percent year-over-year revenue growth.
Diluted earnings per share was $0.84 on a GAAP-basis, and $1.10 on a non-GAAP basis.
Digital Media segment revenue was $1.27 billion, with Creative revenue growing to $1.06 billion.
Digital Media Annualized Recurring Revenue (“ARR”) grew to $4.87 billion exiting the quarter, a quarter-over-quarter increase of $308 million.
Adobe Experience Cloud achieved revenue of $508 million, which represents 26 percent year-over-year growth.
Operating income grew 48 percent and net income grew 55 percent year-over-year on a GAAP-basis; operating income grew 43 percent and net income grew 46 percent year-over-year on a non-GAAP basis.
Cash flow from operations was $704 million, and deferred revenue grew to approximately $2.20 billion.
The company repurchased approximately 2.1 million shares during the quarter, returning $298 million of cash to stockholders.