Adobe Inc.
Adobe Reports Record Revenue in Q2 Fiscal 2024
Summary
Adobe Inc. reported record revenue of $5.31 billion for the second quarter of fiscal year 2024, marking a 10% year-over-year growth. The company's Digital Media segment contributed $3.91 billion, and the Digital Experience segment added $1.33 billion. Adobe also raised its annual targets for Digital Media net new ARR, Digital Experience subscription revenue, and EPS. The company repurchased approximately 4.6 million shares during the quarter.
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About Adobe Inc.
Adobe Inc. is a leading global software company that specializes in the creation of multimedia and creativity software products. Known for their industry-standard tools such as Photoshop, Illustrator, and Acrobat, Adobe's software facilitates a wide spectrum of creative work ranging from graphic design and photo editing to digital document management. The company's Adobe Creative Cloud, a subscription service, has become integral for professionals in media, publishing, and marketing sectors, providing access to an array of applications and services. Adobe's innovations extend into digital marketing solutions with Adobe Experience Cloud, assisting businesses in leveraging data for effective customer engagement. Founded in 1982 and headquartered in San Jose, California, Adobe has significantly influenced creative industries and digital marketing landscapes. Its software solutions are crucial for both individual creatives and enterprises, enhancing productivity and enabling cutting-edge content creation and distribution in an ever-evolving digital market.
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