![]() Product revenues totaled $120 million (2.6% of total revenues), down 17.2% year over year. Subscription revenues were $4.4 billion (accounting for 93.9% of total revenues), up 10.5% on a year-over-year basis. Top Line in DetailĪdobe reports revenues under three categories - Subscription, Product and Services & support. Further, accelerating subscription revenues contributed well. Top-line growth was driven by the strong performance of Adobe Creative Cloud, Document Cloud and Experience Cloud. The figure was up 9% on a reported basis and 13% on a constant currency basis from the year-ago quarter. Total revenues were $4.66 billion, which beat the Zacks Consensus Estimate of $4.61 billion. The figure improved 12.8% on a year-over-year basis. ADBE released first-quarter fiscal 2023 non-GAAP earnings of $3.80 per share, beating the Zacks Consensus Estimate by 3.8%.
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