"Revenue $6.40 billion, rising 12% as reported and 11% in constant currency; record for fiscal Q1 performance. GAAP EPS $4.60, growing 11% year over year; Non-GAAP EPS $6.06, growing 19% year over year, both outpacing revenue growth. Operating margins GAAP operating margin of 37.8% and non-GAAP operating margin of 47.4% reported for the quarter."
"Total ending ARR reached $26.06 billion, up 10.9% year over year. Customer group subscription revenue $6.17 billion, up 13% year over year. RPO $22.22 billion at quarter-end, up 13% year over year; cRPO increased by 12% as reported and by 11% in constant currency."
"AI-first offerings ARR more than tripled year over year for the quarter. Monthly active users across Creative Cloud, Acrobat, Express, and Firefly exceeded 850 million, increasing 17% year over year. Creative freemium MAU exceeded 80 million, up 50% year over year, including usage on web and mobile."
"Shantanu Narayen announced he will transition from CEO, with the Board and Frank Calderoni leading the search for his successor and Narayen remaining as Chair of the Board. Cash flows from operations reached a fiscal Q1 record of $2.96 billion. 8.1 million shares repurchased during the quarter, with $3.89 billion remaining of the $25 billion authorization."
Adobe achieved record fiscal Q1 revenue of $6.40 billion, representing 12% year-over-year growth. GAAP EPS reached $4.60 with 11% growth, while non-GAAP EPS grew 19% to $6.06, outpacing revenue expansion. Operating margins strengthened to 37.8% GAAP and 47.4% non-GAAP. Annualized Recurring Revenue totaled $26.06 billion, up 10.9% year-over-year, with customer group subscription revenue increasing 13% to $6.17 billion. Remaining Performance Obligations grew 13% to $22.22 billion. Operating cash flow reached a record $2.96 billion. AI-first offerings ARR more than tripled, while monthly active users across Creative Cloud, Acrobat, Express, and Firefly exceeded 850 million, up 17% year-over-year. CEO Shantanu Narayen announced his transition to Chair, with the board conducting a CEO search.
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