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[email protected] Public Relations Contact Colleen Rodriguez Adobe 408-536-6803
[email protected] FOR IMMEDIATE RELEASE Adobe Reports Record Revenue Company Achieves First $3 Billion Quarter SAN JOSE, Calif. — March 12, 2020 — Adobe (Nasdaq:ADBE) today reported financial results for its first quarter fiscal year 2020 ended Feb. 28, 2020. First Quarter Fiscal Year 2020 Financial Highlights • Adobe achieved record quarterly revenue of $3.09 billion in its first quarter of fiscal year 2020, which represents 19 percent year-over-year growth. Diluted earnings per share was $1.96 on a GAAP basis, and $2.27 on a non-GAAP basis. Adobe’s earnings per share results factor an expense charge related to the cancellation of corporate events including Adobe Summit due to the COVID-19 situation, which impacted both GAAP and non-GAAP earnings per share by $0.07 in the quarter.