New Delhi Dec 15 (IANS) Riding on the success of its Creative Document and Experience Cloud portfolios software giant Adobe on Wednesday said that it has achieved a record $2.01 billion revenue in the fourth quarter of fiscal year 2017 that ended on December 1.
The company also registered an annual revenue of $7.30 billion -- representing a 25 per cent year-over-year growth.
"Adobe delivered a record revenue of $2 billion in Q4. Our strong business momentum is driven by the market-leading solutions we provide to empower people to create and businesses to digitally transform " Shantanu Narayen President and CEO of Adobe said in a statement.
The company said that its Digital Media segment revenue was $1.39 billion with Creative and Document Cloud achieving record quarterly revenue of $1.16 billion and $235 million respectively.
Digital Media Annualised Recurring Revenue (ARR) grew to $5.23 billion exiting the quarter a quarter-over-quarter increase of $359 million.
Adobe Experience Cloud achieved a record revenue of $550 million which represents a 18 per cent year-over-year growth.
"Adobe achieved record annual and quarterly revenue and the leverage in our business model once again drove record profit and earnings " said Mark Garrett Executive Vice-President and CFO of Adobe adding that "We are raising our fiscal 2018 revenue target and remain bullish about delivering strong top line and bottom line growth."
The software giant s operating income grew 37 per cent and net income grew 26 per cent year-over-year on a GAAP-basis operating income grew 37 per cent and net income grew 39 per cent year-over-year on a non-GAAP basis.
"Cash flow from operations was a record $833 million and deferred revenue grew to an all-time high of $2.49 billion. The company repurchased approximately 1.9 million shares during the quarter returning $297 million of cash to stockholders " Adobe said.
As far as revenue details of the fiscal year are concerned Adobe reported $5.01 billion in Digital Media segment revenue with Creative and Document Cloud achieving a record annual revenue of $4.17 billion and $837 million respectively.
--IANS
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