Adobe Inc. Q1 FY2024 Earnings Call

Adobe Inc. (ADBE)

Earnings Call FY2024 Q1 Call date: 2024-03-14 Concluded

Quarter scorecard

Revenue

$5.18B

+11.3% YoY

Diluted EPS

$1.36

-49.8% YoY

Gross margin

88.6%

+0.8 pp YoY

Net income

$620.00M

-50.3% YoY

Digital Media $3.82B

+12.4%

Digital Experience $1.29B

+9.6%

Publishing and Advertising $77.00M

-8.3%

Buybacks

$2.00B

Shares repurchased

3.10M