The company said Digital Media ARR at the end of fiscal 2023 was $15.17 billion, up $1.91 billion (14%) from $13.26 billion at the end of the prior year. Creative ARR was $12.37 billion and Document Cloud ARR was $2.81 billion.

1. 01

   The company said Digital Media ARR at the end of fiscal 2023 was $15.17 billion, up $1.91 billion (14%) from $13.26 billion at the end of the prior year. Creative ARR was $12.37 billion and Document Cloud ARR was $2.81 billion.

2. 02

   Adobe said Creative revenue for fiscal 2023 was $11.52 billion, up 10%, Document Cloud revenue was $2.70 billion, up 13%, and Digital Experience revenue was $4.89 billion, up 11%.

3. 03

   The company said net income for fiscal 2023 rose $672 million to $5.43 billion, or 14%, and cash flow from operating activities fell $536 million, or 7%, to $7.30 billion.

4. 04

   The company said the U.S. dollar strengthened against EMEA and APAC currencies in fiscal 2023, which reduced revenue in U.S. dollar terms by approximately $371 million. It said net gains of $41 million from its cash flow hedging program partly offset this effect.

Key figures

Fiscal year ended December 1, 2023

Revenue

$19.4B

Operating income

$6.7B

Net income

$5.4B

EPS

$11.82

Gross profit

$17.1B

Operating cash flow

$7.3B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.