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Adobe announces record breaking 1. Q3 Digital Photography Review. Adobe has once again posted record quarterly revenue, this time for the fiscal quarter that ended on September 1, 2. The software company experienced a 2. Of that, 1. 2. 7 billion came from the companys Digital Media segment, including Creative Cloud. On a GAAP basis, Adobe saw its year on year net income grow 5. Last weekend I purchased some marijuana. Not from some friend of a friend of a friend, but from an actual dispensary in Boulder, Colorado. Boulder, like the rest of. InformationWeek. com News, analysis and research for business technology professionals, plus peertopeer knowledge sharing. Engage with our community. Well give you a moment to take that in. The jump to a subscription model is treating the company VERY well. This marks yet another high point for Adobe, which previously posted record revenue during its second fiscal quarter ending in June 2. During its Q2, Adobe made then record setting 1. Digital Media segment having driven that revenue. Looking forward, Adobe anticipates fourth fiscal quarterly revenue of 1. Financial highlights from Adobe for Q3 are listed below Adobe achieved record quarterly revenue of 1. Diluted earnings per share was 0. GAAP basis, and 1. GAAP basis. Digital Media segment revenue was 1. Creative revenue growing to 1. Digital Media Annualized Recurring Revenue ARR grew to 4. Adobe Experience Cloud achieved revenue of 5. Operating income grew 4. GAAP basis operating income grew 4. GAAP basis. Cash flow from operations was 7. The company repurchased approximately 2.