Adobe said it reported revenue of $5.18 billion for fiscal 2024 Q1, which ended March 1, 2024, up 11% year over year, or 12% in constant currency. Diluted earnings per share were $1.36 on a GAAP basis and $4.48 on a non-GAAP basis.

1. 01

   Adobe said it reported revenue of $5.18 billion for fiscal 2024 Q1, which ended March 1, 2024, up 11% year over year, or 12% in constant currency. Diluted earnings per share were $1.36 on a GAAP basis and $4.48 on a non-GAAP basis.

2. 02

   Adobe disclosed that GAAP operating income for fiscal 2024 Q1 was $907 million, and that operating expenses included the $1,000 million acquisition termination fee related to the Figma transaction. Non-GAAP operating income was $2,467 million.

3. 03

   The company said cash flow from operating activities was $1,174 million for fiscal 2024 Q1, and that it used $2,000 million for share repurchases in the same period. Cash and cash equivalents fell from $7,141 million at the beginning of the quarter to $6,254 million at the end.

4. 04

   The company said its Board of Directors approved a new share repurchase program on March 14, 2024, authorizing purchases of common stock of up to $25 billion through March 14, 2028. It said the timing and amount of purchases are at its discretion and that it has no obligation to repurchase any shares.

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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

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