Year-over-year, operating income grew 232% and net income grew 290% on a GAAP-basis, while operating income grew 90% and net income grew 96% on a non-GAAP basis. Cash flow from operations was $360 million, and deferred revenue grew to a record $1.31 billion. The company also re-purchased about 1.6 million shares during the quarter, returning $132 million in cash to stockholders.
“Our execution and momentum continued in Q3, resulting in record quarterly revenue with outstanding profit and earnings growth,” said Shantanu Narayen, Adobe President and CEO. “Content and data are the currency of business today. Adobe’s industry-leading Creative Cloud, Adobe Document Cloud and Adobe Marketing Cloud solutions let customers deliver more valuable, personalized experiences that drive greater business impact,” he added.
“Our record Q3 financial results set us up for a strong fiscal 2015,” said Mark Garrett, Adobe Executive VP and CFO. “Our recurring revenue reached 73% of total revenue, providing a strong foundation for long-term growth.”