infotechlead

Adobe Q4 revenue up 22 percent to $1.31 billion

Adobe Q4 2015 earnings
Adobe today said its Q4 2015 revenue rose 22 percent to $1.31 billion.

Digital Media Annualized Recurring Revenue of Adobe grew to $2.99 billion (+350 million) in the fourth quarter. Creative ARR grew to $2.6 billion (+$310 million) — driven by enterprise adoption and the addition of 833,000 net new individual and team Creative Cloud subscriptions.

Adobe Marketing Cloud achieved revenue of $352 million supported by strong bookings growth and a shift in customer adoption to SaaS-based solutions.

Adobe revenue rose 16 percent to $4.8 billion in fiscal year 2015.

Adobe Digital Media ARR reached $2.99 billion (+$1.12 billion). Net new Creative Cloud individual and team subscriptions grew by more than 2.71 million to 6.17 million during fiscal year 2015. Adobe Marketing Cloud revenue reached $1.36 billion.

“Adobe is driving digital experiences that are fundamental to the transformation of every global brand, government and educational institution,” said Shantanu Narayen, president and chief executive officer, Adobe.

editor@infotechlead.com

Latest

More like this
Related

How AI contributed to $321 bn cloud infrastructure market?

Canalys analysts Yi Zhang and Rachel Brindley have revealed...

Is Amazon Web Services growth reflecting its AI focus?

Revenue of AWS, Amazon’s cloud computing business, has increased...

Who’s Sebastian Steinhaeuser, the new member to SAP executive board?

Enterprise software major SAP has announced the appointment of...

Main facts about SAP financial performance in 2024

Germany-based enterprise software major SAP said its current cloud...