Adobe Non-GAAP EPS of $3.80 beats by $0.12, revenue of $4.66B beats by $40M
Adobe press release (NASDAQ:ADBE): Q1 Non-GAAP EPS of $3.80  beats by $0.12.
Revenue of $4.66B (+9.4% Y/Y)  beats by $40M.
Shares +2.5%.
Remaining Performance Obligations (âRPOâ) exiting the quarter were $15.21 billion.
Digital Media segment revenue was $3.40 billion, which represents 9 percent year-over-year growth or 14 percent in constant currency. Creative revenue grew to $2.76 billion, representing 8 percent year-over-year growth or 13 percent in constant currency. Document Cloud revenue was $634 million, representing 13 percent year-over-year growth or 16 percent in constant currency.

Net new Digital Media Annualized Recurring Revenue (âARRâ) was $410 million, exiting the quarter with Digital Media ARR of $13.67 billion. Creative ARR grew to $11.28 billion and Document Cloud ARR grew to $2.39 billion.
Digital Experience segment revenue was $1.18 billion, representing 11 percent year-over-year growth or 14 percent in constant currency. Digital Experience subscription revenue was $1.04 billion, representing 12 percent year-over-year growth or 14 percent in constant currency.
Q2 Guidance: Total Revenue: $4.75-4.78B.
Digital Media net new ARR: $420M.
Digital Media segment revenue: $3.45-3.47B.
Digital Experience segment revenue: $1.21-1.23B.
Digital Experience subscription revenue: $1.06-1.08B.
Non-GAAP EPS: $3.75-3.80M..