AI English summary of an SEC filing — figures as filed
The company said fourth-quarter revenue for fiscal 2024 was $5.61 billion, up 11% from a year earlier, and full-year revenue rose 11% to $21.51 billion. It also said constant-currency revenue growth was 11% for both Q4 and the full year.
Key points
AI summaryThe company said fourth-quarter revenue for fiscal 2024 was $5.61 billion, up 11% from a year earlier, and full-year revenue rose 11% to $21.51 billion. It also said constant-currency revenue growth was 11% for both Q4 and the full year.
Adobe said GAAP operating income for fiscal 2024 was $6.74 billion and non-GAAP operating income was $10.02 billion. Diluted earnings per share were $12.36 on a GAAP basis and $18.42 on a non-GAAP basis. The company said GAAP operating income for the year included an acquisition termination fee of $1,000 million as an expense.
The company said operating cash flow was $2.92 billion in Q4, its highest quarterly level, and $8.06 billion for the full year. Remaining performance obligations (RPO) were $19.96 billion as of the end of Q4, up 16% from a year earlier.
Adobe gave its fiscal 2025 total revenue outlook of $23.30 billion to $23.55 billion and non-GAAP diluted earnings per share outlook of $20.20 to $20.50. The company said the outlook assumes a non-GAAP operating margin of about 46% and a non-GAAP tax rate of about 18.5%.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q4 Revenue and Full-Year Revenue
The company said fourth-quarter revenue for fiscal 2024 was $5.61 billion, up 11% from a year earlier, and full-year revenue rose 11% to $21.51 billion. It also said constant-currency revenue growth was 11% for both Q4 and the full year.
Source · Based on the filing body and exhibits
Full-Year GAAP and Non-GAAP Earnings
Adobe said GAAP operating income for fiscal 2024 was $6.74 billion and non-GAAP operating income was $10.02 billion. Diluted earnings per share were $12.36 on a GAAP basis and $18.42 on a non-GAAP basis. The company said GAAP operating income for the year included an acquisition termination fee of $1,000 million as an expense.
Source · Based on the filing body and exhibits
Cash Flows and RPO
The company said operating cash flow was $2.92 billion in Q4, its highest quarterly level, and $8.06 billion for the full year. Remaining performance obligations (RPO) were $19.96 billion as of the end of Q4, up 16% from a year earlier.
Source · Based on the filing body and exhibits
Fiscal 2025 Outlook
Adobe gave its fiscal 2025 total revenue outlook of $23.30 billion to $23.55 billion and non-GAAP diluted earnings per share outlook of $20.20 to $20.50. The company said the outlook assumes a non-GAAP operating margin of about 46% and a non-GAAP tax rate of about 18.5%.
Source · Based on the filing body and exhibits
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.
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