Adobe said revenue for Q1 fiscal 2025 ended February 28, 2025 was $5.71 billion, representing 10% year-over-year growth, or 11% in constant currency. Diluted earnings per share was $4.14 on a GAAP basis and $5.08 on a non-GAAP basis.

1. 01

   Adobe said revenue for Q1 fiscal 2025 ended February 28, 2025 was $5.71 billion, representing 10% year-over-year growth, or 11% in constant currency. Diluted earnings per share was $4.14 on a GAAP basis and $5.08 on a non-GAAP basis.

2. 02

   The company said GAAP operating income for Q1 was $2.16 billion and non-GAAP operating income was $2.72 billion, with GAAP net income of $1.81 billion. The prior-year period for the 3 months ended March 1, 2024 included an acquisition termination fee of $1,000 million in operating expenses.

3. 03

   Adobe said cash flows from operations for Q1 were $2.48 billion and it repurchased approximately 7.0 million shares during the quarter. The cash flow statement for the same quarter showed share repurchases of $3,250 million, proceeds from debt issuance of $1,997 million and debt repayment of $1,500 million.

4. 04

   The company said it reaffirmed its FY2025 targets, providing fiscal 2025 guidance of total revenue $23.30 billion to $23.55 billion and non-GAAP diluted earnings per share $20.20 to $20.50. The guidance assumes a non-GAAP operating margin of approximately 46%.

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Original filing

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