Further, strength in Adobe Sign also contributed well.ĭigital Experience: The segment generated revenues of $1.18 billion, up 11% on a year-over-year basis. Rising monthly active users for Acrobat Web remained a positive. Solid momentum across the Acrobat ecosystem drove top-line growth. Growing demand for PDF capabilities in the browser was a tailwind. Strength across Substance 3D and Frame.io was a tailwind.ĭocument Cloud’s revenues were $634 million, up 13% from the prior-year quarter. Strengthening Adobe Stock business on the back of growing demand for imaging, vector, video and 3D content was another positive. Strong growth in top-of-funnel traffic also contributed well. Solid momentum across Adobe Express platform remained a positive. The rising demand for Photoshop, Lightroom and Premier Pro contributed well. Notably, Digital Media’s annualized recurring revenues (ARR) increased to $13.67 billion, of which the net new ARR was $410 million.Ĭreative Cloud generated $2.76 billion in revenues, up 8% year over year. The segment comprises Creative Cloud and Document Cloud. Quote Segmental Detailsĭigital Media: The segment generated revenues of $3.4 billion, which improved 9% on a year-over-year basis.

price-consensus-eps-surprise-chart | Adobe Inc. Price, Consensus and EPS SurpriseĪdobe Inc. Services & support revenues were $162 million (3.5% of total revenues), increasing 1.9% from the prior-year quarter.Īdobe Inc. Product revenues totaled $120 million (2.6% of total revenues), down 17.2% year over year. Subscription revenues were $4.4 billion (accounting for 93.9% of total revenues), up 10.5% on a year-over-year basis. Top Line in DetailĪdobe reports revenues under three categories - Subscription, Product and Services & support. Further, accelerating subscription revenues contributed well. Top-line growth was driven by the strong performance of Adobe Creative Cloud, Document Cloud and Experience Cloud. The figure was up 9% on a reported basis and 13% on a constant currency basis from the year-ago quarter. Total revenues were $4.66 billion, which beat the Zacks Consensus Estimate of $4.61 billion. The figure improved 12.8% on a year-over-year basis. ( ADBE Quick Quote ADBE - Free Report) released first-quarter fiscal 2023 non-GAAP earnings of $3.80 per share, beating the Zacks Consensus Estimate by 3.8%.

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