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.
https://www.adobe.com/content/dam/cc/en/investor-relations/pdfs/12901202/a6f8n37fhs72hf82hsa.pdf
