Adobe recently reported financial results for its fourth quarter and fiscal year 2015 ended on November 27, 2015.
Fourth-quarter financial highlights
- Adobe achieved record quarterly revenue of $1.31 billion, representing year-over-year growth of 22%.
- Digital Media Annualized Recurring Revenue (ARR) grew to $2.99 billion exiting the quarter, an increase of $350 million. Creative ARR grew to $2.60 billion, an increase of $310 million driven by enterprise adoption and the addition of 833,000 net new individual and team Creative Cloud subscriptions.
- Adobe Marketing Cloud achieved revenue of $352 million with strong bookings growth and a stronger-than-expected shift in customer adoption to SaaS-based solutions.
- Year-over-year operating income grew 133% and net income grew 153% on a GAAP-basis, while operating income grew 58% and net income grew 59% on a non-GAAP basis.
- Cash flow from operations was $455 million, and deferred revenue grew to a record $1.49 billion.
- The company repurchased approximately 1.4 million shares during the quarter, returning $122 million in cash to stockholders.
Fiscal Year 2015 Financial Highlights
- Adobe achieved record revenue of $4.80 billion in fiscal year 2015, representing year-over-year growth of 16%.
- Adobe grew Digital Media ARR by approximately $1.12 billion during the year and exited the year with $2.99 billion. Net new Creative Cloud individual and team subscriptions grew by more than 2.71 million during fiscal year 2015 to 6.17 million.
- Adobe Marketing Cloud achieved a record $1.36 billion in annual revenue and its goal of approximately 30% annual bookings growth.
- Adobe generated $1.47 billion in operating cash flow during the year.
- The company repurchased 8.1 million shares during the year, returning approximately $627 million in cash to stockholders.
“Adobe is driving digital experiences that are fundamental to the transformation of every global brand, government and educational institution,” said Shantanu Narayen, President and Chief Executive officer of Adobe. “Our record revenue and strong momentum are a reflection of our industry-leading content and data solutions in digital media and digital marketing.”
“Strong growth across key financial metrics reflect the amazing performance we’ve achieved in fiscal 2015,” said Mark Garrett, Executive Vice President and Chief Financial Officer at Adobe. “Our long-term financial targets, including a 20% revenue CAGR through fiscal 2018, show that the benefits of our move to the cloud are just beginning.”
