Adobe Q1 2012 Results In Revenue Of $1.045 Billion

Posted on Mar 20 2012 - 9:04am by Editorial Staff

Adobe reported financial results for its first quarter of fiscal year 2012 ended March 2, 2012. Revenue in Q1 FY2012 was $1.045 billion, which included $9.6 million of revenue from the acquisition of Efficient Frontier which closed in January 2012. Diluted earnings per share were $0.37 on a GAAP-basis, and $0.57 on a non-GAAP basis. Operating income was $289.0 million and net income was $185.2 million on a GAAP-basis.  Operating income was $386.7 million and net income was $284.5 million on a non-GAAP basis.

“We delivered solid earnings in Q1, achieved revenue within our targeted range and began to build excitement for our upcoming creative product release,” said Mark Garrett, executive vice president and chief financial officer, Adobe.  “We are raising our fiscal year revenue and non-GAAP earnings growth targets due to the addition of Efficient Frontier.”

First Quarter Financial Highlights:

  • Revenue in Q1 FY2012 was $1.045 billion, which included $9.6 million of revenue from the acquisition of Efficient Frontier which closed in January 2012.
  • Diluted earnings per share were $0.37 on a GAAP-basis, and $0.57 on a non-GAAP basis.
  • Operating income was $289.0 million and net income was $185.2 million on a GAAP-basis.  Operating income was $386.7 million and net income was $284.5 million on a non-GAAP basis.
  • Deferred revenue grew by $17.3 million quarter-over-quarter to a total of $549.0 million.
  • Cash flow from operations was $314.4 million.

(Credit: Image Source)

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