Adobe Non-GAAP EPS of $3.60 beats by $0.10, revenue of $4.53B in-line
Adobe press release (NASDAQ:ADBE): Q4 Non-GAAP EPS of $3.60  beats by $0.10.
Revenue of $4.53B (+10.2% Y/Y) in-line.
GAAP operating income in the fourth quarter was $1.51 billion and non-GAAP operating income was $2.02 billion. GAAP net income was $1.18 billion and non-GAAP net income was $1.68 billion.

Record cash flows from operations were $2.33 billion.
Remaining Performance Obligations exiting the quarter were $15.19 billion.
Adobe repurchased approximately 5.0 million shares during the quarter.
Digital Media segment revenue was $3.30 billion, which represents 10 percent year-over-year growth or 14 percent in constant currency. Creative revenue grew to $2.68 billion, representing 8 percent year-over-year growth or 13 percent in constant currency. Document Cloud revenue was $619 million, representing 16 percent year-over-year growth or 19 percent in constant currency.
Net new Digital Media Annualized Recurring Revenue was $576 million, exiting the quarter with Digital Media ARR of $13.97 billion. Creative ARR grew to $11.60 billion and Document Cloud ARR grew to $2.37 billion.
Digital Experience segment revenue was $1.15 billion, representing 14 percent year-over-year growth or 16 percent in constant currency. Digital Experience subscription revenue was $1.01 billion, representing 14 percent year-over-year growth or 16 percent in constant currency.

2023 Outlook: Total revenue $19.1 billion to $19.3 billion vs. consensus of $19.40B; Digital Media net new ARR ~$1.65 billion; Digital Media segment revenue $13.9 billion to $14.0 billion; Digital Experience segment revenue $4.925 billion to $5.025 billion; Digital Experience subscription revenue $4.375 billion to $4.425 billion; non-GAAP Tax rate ~18.5%; Non-GAAP EPS $15.15 to $15.45 vs. consensus of $15.35.
Shares +1.13%.