Adobe’s Winning Formula for Double-Digit Growth: Creative Cloud, Document Cloud, and AI!

Adobe’s third-quarter fiscal year 2024 performance highlighted a strong trajectory, with substantial year-over-year revenue growth and positive developments across its major product lines. Revenue stood at $5.41 billion, marking an 11% increase from the previous year. This growth was fueled by the consistent strength in Creative Cloud, Document Cloud, and Experience Cloud. Adobe’s bottom line also showed robust growth, with GAAP earnings per share at $3.76 and non-GAAP earnings per share at $4.65, showing respective year-over-year increases of 23% and 14%. The growth was primarily driven by increased adoption and ongoing innovation within Adobe’s product portfolio.