Company Report

Adobe’s GAAP operating and net income grew 30% and 78% respectively in Q4 2020

Adobe’s GAAP operating income in the fourth quarter was $1.22 billion, and non-GAAP operating income was $1.54 billion. GAAP net income was $2.25 billion, and non-GAAP net income was $1.36 billion.

Adobe’s Operating income grew 30 percent and net income grew 78 percent year-over-year on a GAAP-basis; operating income grew 24 percent and net income grew 27 percent year-over-year on a non-GAAP basis.

Adobe generated a record $5.73 billion in operating cash flows during the year.

Source: www.adobe.com

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