Adobe announces record revenues

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Key Takeaways

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Adobe reported record quarterly revenues of $2.8 billion in Q3 2019, marking a 24% year-over-year growth.

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The digital media segment generated $1.9 billion in revenue, with Creative revenue at $1.6 billion and Document Cloud revenue at $307 million.

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Digital media annualized recurring revenue (ARR) increased to $7.8 billion, with significant growth in Creative ARR ($6.8 billion) and Document Cloud ARR ($993 million).

Adobe has reported record quarterly revenues of $2.8bn in its third quarter of fiscal year 2019, which represents 24 percent year-over-year growth.

Digital media segment revenue was $1.9bn, which represents 22 percent year-over-year growth. Creative revenue grew to $1.6bn and Document Cloud achieved revenue of $307m. Digital media annualised recurring revenue (“ARR”) grew to $7.8bn, a quarter-over-quarter increase of $386m. Creative ARR grew to $6.8bn, and Document Cloud ARR grew to $993m. digital experience segment revenue was $821m, representing 34 percent year-over-year growth.

Key Takeaways

⇨ Adobe reported record quarterly revenues of $2.8 billion in Q3 2019, marking a 24% year-over-year growth.

⇨ The digital media segment generated $1.9 billion in revenue, with Creative revenue at $1.6 billion and Document Cloud revenue at $307 million.

⇨ Digital media annualized recurring revenue (ARR) increased to $7.8 billion, with significant growth in Creative ARR ($6.8 billion) and Document Cloud ARR ($993 million).

⇨

Adobe reported record quarterly revenues of $2.8 billion in Q3 2019, marking a 24% year-over-year growth.

⇨

The digital media segment generated $1.9 billion in revenue, with Creative revenue at $1.6 billion and Document Cloud revenue at $307 million.

⇨

Digital media annualized recurring revenue (ARR) increased to $7.8 billion, with significant growth in Creative ARR ($6.8 billion) and Document Cloud ARR ($993 million).