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Adobe reports record revenue in Q3 fiscal 2022

SAN FRANCISCO
2022-09-16 06:20

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SAN FRANCISCO, Sept. 15 (Xinhua) -- Adobe on Thursday reported financial results for its third quarter of fiscal year 2022 ending Sept. 2 with a record revenue of 4.43 billion U.S. dollars.

The revenue represented 13 percent year-over-year growth or 15 percent in constant currency.

The San Jose, California-based company said it had a net income of 2.42 dollars per share. Earnings, adjusted for one-time gains and costs, were 3.40 dollars per share.

Its GAAP (generally accepted accounting principles) operating income in the third quarter was 1.48 billion U.S. dollars, and non-GAAP operating income was 1.96 billion dollars. GAAP net income was 1.14 billion dollars, and non-GAAP net income was 1.60 billion dollars.

"Fueled by our groundbreaking technology, track record of creating and leading categories and consistent execution, Adobe delivered another record quarter," said Shantanu Narayen, Adobe chairman and CEO.

"Adobe achieved record revenue and strong profitability in the quarter, demonstrating that our products are mission-critical to individuals, small businesses and the world's largest enterprises," said Dan Durn, executive vice president and CFO of Adobe. "Our operational rigor combined with our strong engine of innovation are driving growth across our platforms and will fuel future growth as the digital economy continues to expand."
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