Adobe Full-Year Report 2023

 “Adobe drove record revenue of $19.41 billion in FY23 and 17 percent year-over-year EPS growth, with strong momentum across Creative Cloud, Document Cloud, and Experience Cloud,” said Shantanu Narayen, chair and CEO

Highlights

• Adobe achieved revenue of $5.05 billion in its fourth quarter of fiscal year 2023, which represents 12 percent year-over-year growth or 13 percent in constant currency. Diluted earnings per share was $3.23 on a GAAP basis and $4.27 on a non-GAAP basis.
• GAAP operating income in the fourth quarter was $1.74 billion and non-GAAP operating income was $2.34 billion. GAAP net income was $1.48 billion and non-GAAP net income was $1.96 billion.
• Cash flows from operations were $1.60 billion.
• Remaining Performance Obligations (“RPO”) exiting the quarter were $17.22 billion.
• Adobe repurchased approximately 1.8 million shares during the quarter.