Adobe Delivers Record Revenue of $2 Billion in Q4

Adobe (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year 2017 ended Dec. 1, 2017.

In its fourth quarter of fiscal year 2017, Adobe achieved quarterly revenue of $2.01 billion, which represents 25 percent year-over-year growth. In fiscal year 2017, Adobe achieved annual revenue of $7.30 billion, which also represents 25 percent year-over-year growth.

“Adobe delivered record revenue of $2 billion in Q4,” said Shantanu Narayen, president and CEO, Adobe. “Our strong business momentum is driven by the market-leading solutions we provide to empower people to create and businesses to digitally transform.”

“Adobe achieved record annual and quarterly revenue, and the leverage in our business model once again drove record profit and earnings,” said Mark Garrett, executive vice president and CFO, Adobe. “We are raising our fiscal 2018 revenue target and remain bullish about delivering strong top line and bottom line growth.”

Fourth Quarter Fiscal Year 2017 Financial Highlights
• Adobe achieved record quarterly revenue of $2.01 billion in its fourth quarter of fiscal year 2017, which represents 25 percent year-over-year growth.
• Diluted earnings per share was $1.00 on a GAAP-basis, and $1.26 on a non-GAAP basis.
• Digital Media segment revenue was $1.39 billion, with Creative and Document Cloud achieving record quarterly revenue of $1.16 billion and $235 million, respectively.
• Digital Media Annualized Recurring Revenue (“ARR”) grew to $5.23 billion exiting the quarter, a quarter-over-quarter increase of $359 million.
• Adobe Experience Cloud achieved record revenue of $550 million, which represents 18 percent year-over-year growth.
• Operating income grew 37 percent and net income grew 26 percent year-over-year on a GAAP-basis; operating income grew 37 percent and net income grew 39 percent year-over-year on a non-GAAP basis.
• Cash flow from operations was a record $833 million and deferred revenue grew to an all-time high of $2.49 billion.
• The company repurchased approximately 1.9 million shares during the quarter, returning $297 million of cash to stockholders.

Fiscal Year 2017 Financial Highlights
• Adobe achieved record annual revenue of $7.30 billion in fiscal year 2017, representing 25 percent year-over-year growth.
• The company reported annual GAAP diluted earnings per share of $3.38 and non-GAAP diluted earnings per share of $4.31.
• Digital Media segment revenue was $5.01 billion, with Creative and Document Cloud achieving record annual revenue of $4.17 billion and $837 million, respectively. Digital Media ARR grew by $1.24 billion during the year.
• Adobe Experience Cloud achieved record annual revenue of $2.03 billion, representing 24 percent year-over-year growth.
• Operating income grew 45 percent and net income grew 45 percent year-over-year on a GAAP-basis; operating income grew 40 percent and net income grew 42 percent year-over-year on a non-GAAP basis.
• Adobe generated a record $2.91 billion in operating cash flow during the year.
• The company repurchased 8.2 million shares during the year, returning $1.10 billion of cash to stockholders.
more detail at: http://news.adobe.com/press-release/corporate/adobe-delivers-record-revenue-2-billion-q4

Related Posts

Houghton Mifflin Harcourt Completes $337 Million Debt Paydown with Proceeds from HMH Books & Media Sale

Learning technology company Houghton Mifflin Harcourt announced that it has paid down approximately $337 million in principal of its outstanding debt with the net proceeds of its recent divestiture of HMH Books & Media, its consumer publishing business. Following the completion of the required Asset Sale Offer and Collateral Asset Sale offer on June 8, HMH has reduced the outstanding principal amount of its Senior Secured Notes due 2025 to approximately $303 million. Additionally, via a combination of mandatory and voluntary prepayments, the Company has reduced the outstanding principal amount of its Senior Secured Term Loan Facility due 2024 to approximately $22 million. All prepayments were completed at a price of 100% of the principal amount.

Don’t Look Now, But Some Newspapers Are Breaking Even

It says a lot about the state of the newspaper industry that it’s considered good news when a publisher breaks even, in light of the constant drumbeat of advertising losses, with print dollars exchanged for digital pennies. Newspaper watchers were pleasantly surprised when the Daily Mail and General Trust, the British publisher of the Daily Mail and Mail on Sunday, announced total revenues were up 1%. The real good news tucked inside the Mail announcement: Digital advertising revenues were up 22% or £19 million, more than offset the decline in print, down 11% or £15 million. That last development bucks the general trend in the newspaper industry on both sides of the Atlantic over the last few years. Growth in digital ad revenues has generally failed to offset print declines – at least until recently. Click Read More below for more of the story.

U.S. Postal Service Board of Governors to Meet May 5

The U.S. Postal Service Board of Governors will meet May 5, 2022, in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 4:00 p.m. ET in the Benjamin Franklin Room on the 11th floor. The Board is expected to discuss the following items: 1.Remarks of the Chairman of the Board of Governors 2.Remarks of the Postmaster General and CEO 3.Approval of the Minutes 4.Committee Reports 5.Quarterly Financial Report 6.Quarterly Service Performance Report 7.Approval of Tentative Agenda for Aug. 9 Meeting 8.Adjournment
Back To Top
×Close search
Search