Adobe announces record revenues
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.