Remaining Performance Obligation (“RPO”) exiting the quarter was $11.34 billion.Īdobe repurchased approximately 1.6 million shares during the quarter.Īdobe achieved record annual revenue of $12.87 billion in fiscal year 2020, representing 15 percent year-over-year growth. GAAP net income was $2.25 billion, and non-GAAP net income was $1.36 billion.Ĭash flows from operations were a record $1.78 billion. GAAP operating income in the fourth quarter was $1.22 billion, and non-GAAP operating income was $1.54 billion. Digital Experience subscription revenue grew 14 percent year-over-year. Creative ARR grew to $8.72 billion, and Document Cloud ARR grew to $1.46 billion.ĭigital Experience segment revenue, including Advertising Cloud revenue, was $877 million.įollowing the segment reporting change, Digital Experience segment revenue was $819 million, representing 10 percent year-over-year growth. Digital Media Annualized Recurring Revenue (“ARR”) grew to $10.18 billion exiting the quarter, a quarter-over-quarter increase of $548 million. Creative revenue grew to $2.08 billion and Document Cloud revenue grew to $411 million. Diluted earnings per share was $4.64 on a GAAP basis, and $2.81 on a non-GAAP basis.ĭigital Media segment revenue was $2.50 billion, which represents 20 percent year-over-year growth. Advertising Cloud revenue and cost of revenue has been reclassified on the income statement from “Subscription” to “Services and other.” Financial information for fiscal years 2018, 20 has been revised to maintain comparability.įourth Quarter Fiscal Year 2020 Financial HighlightsĪdobe achieved record quarterly revenue of $3.42 billion in its fourth quarter of fiscal year 2020, which represents 14 percent year-over-year growth. This realignment resulted from a change Adobe made in the fourth quarter to the way the company manages its Digital Experience business to better reflect the strategic shift related to Advertising Cloud and to align with our overall core value proposition of delivering on customer experience management. In its fourth quarter of fiscal year 2020, Adobe created a new segment called “Publishing and Advertising,” which combines the Publishing segment with Advertising Cloud, which was previously included in the Digital Experience segment.
“Our record Q4 cash flow demonstrates the strength of our operating model, and we look forward to delivering strong top- and bottom-line growth in 2021.” “The resilience of our business, our operational discipline and ability to derive insights from real-time data has enabled us to thrive in 2020,” said John Murphy, executive vice president and CFO, Adobe. “As the undisputed leader in three growing categories - creativity, digital documents and customer experience management - we are well-positioned to capture the massive market opportunity ahead of us in 2021 and beyond.” “Adobe delivered record Q4 and FY20 revenue performance amidst an unprecedented macroeconomic environment,” said Shantanu Narayen, president and CEO, Adobe. In fiscal year 2020, Adobe achieved record annual revenue of $12.87 billion, which represents 15 percent year-over-year growth. In its fourth quarter of fiscal year 2020, Adobe achieved record quarterly revenue of $3.42 billion, which represents 14 percent year-over-year growth.
Company Generates Record $1.8 Billion in Operating Cash Flows During Q4 Surpasses $10 Billion in Digital Media ARRĪdobe (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year ended Nov.