Software maker Adobe has today published its financial results for the second quarter fiscal year 2017 ended June 2, and the company reports a record quarterly revenue of $1.77 billion. At the same time operating income was increased by 46 percent and net income by 53 percent year-over-year on a GAAP-basis.

“Digital transformation continues to be the burning agenda for creative professionals, enterprises, governments and educational institutions,” said Shantanu Narayen, president and CEO, Adobe. “Adobe is the go-to company for creating world-class digital customer journeys from design to delivery to measurement and monetization.”

Other highlights of the financial results include the following:

  • Diluted earnings per share was $0.75 on a GAAP-basis, and $1.02 on a non-GAAP basis.
  • Digital Media segment revenue was $1.21 billion, with Creative revenue growing to a record $1.01 billion.
  • Strong Creative Cloud and Document Cloud adoption and retention drove Digital Media Annualized Recurring Revenue (“ARR”) to $4.56 billion exiting the quarter, a quarter-over-quarter increase of $312 million.
  • Adobe Experience Cloud achieved record revenue of $495 million, which represents 29 percent year-over-year growth.
  • Operating income grew 46 percent and net income grew 53 percent year-over-year on a GAAP-basis; operating income grew 42 percent and net income grew 43 percent year-over-year on a non-GAAP basis.
  • Cash flow from operations was $645 million, and deferred revenue grew to approximately $2.07 billion.
  • The company repurchased approximately 2 million shares during the quarter, returning $266 million of cash to stockholders.

More information and detailed figures are available on the Adobe website.