Adobe (ADBE) Revenue — Quarter Ended Mar 1, 2024
Revenue increased compared to both the prior quarter and the same quarter last year, extending the company's growth momentum. The latest quarter's performance reflects continued strength in the business.
Key takeaway
Quarter ended Mar 1, 2024 · FY2024 Q1
Revenue increased compared to both the prior quarter and the same quarter last year, extending the company's growth momentum. The latest quarter's performance reflects continued strength in the business.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.7%
Change from the immediately preceding quarter.
Year-over-year
+11.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 2, 2023 | $4.8B | +9.8% |
| Sep 1, 2023 | $4.9B | +10.3% |
| Dec 1, 2023 | $5B | +11.6% |
| Mar 1, 2024 | $5.2B | +11.3% |
Revenue performance
Revenue rose sequentially, marking the fourth consecutive quarter of growth. On an annual basis, revenue also improved significantly.
Quarterly comparison
Compared with the immediately preceding quarter, revenue grew as the upward trend continued. Compared with the same quarter one year earlier, revenue also posted a solid increase.
What to watch
Watch whether the consistent revenue growth can be sustained in the coming quarters.