Subscriptions Drove 14% Adobe FY Q4 Revenue Gain to $3.42B
Adobe fiscal Q4 revenue grew 14% year on year to $3.42 billion for the quarter ended Nov. 27, it said, citing growth in creativity, digital documents and customer experience management. The company created a Publishing and Advertising operating segment to…
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reflect a strategic shift to cloud-based advertising. Ad cloud revenue was in the Digital Experience segment, which recorded $877 million in Q4 revenue. Digital Experience revenue was $819 million, a 10% gain. Subscriptions were $3.1 billion vs. $2.6 billion; product was $127 million vs. $167 million; and services and other totaled $182 million, down from $246 million.