Diversified software company Adobe Inc. (ADBE) reported record revenue and operating income for the fourth quarter and fiscal year 2022 ended December 2, 2022. ADBE achieved revenue of $17.61 billion and a non-GAAP operating income of $7.95 billion in fiscal 2022. The company’s solid financial performance drove record operating cash flows of $7.84 billion in the year.
ADBE’s net new Digital Media Annualized Recurring Revenue (ARR) came in at $576 million. The company exited the quarter with a Digital Media ARR of $13.97 billion. Net new Digital Media ARR during the fiscal year was $1.91 billion. The company’s record Digital Media net new ARR and strong Adobe Experience Platform bookings drove its business momentum.
