The following is a summary of the Adobe Inc. (ADBE) Q4 2023 Earnings Call Transcript:

Financial Performance:

Adobe reported a record Q4 revenue of $5.05 billion, marking a 13% YoY growth and an annual revenue of $19.41 billion with a similar growth rate.
GAAP-diluted earnings per share were $3.23, growing 28% year-over-year, and non-GAAP diluted earnings per share reached a record $4.27, growing 19% year-over-year.
Adobe reported net new Digital Media ARR of $569 million, and Creative Cloud contributed $3 billion in revenue, growing 14% YoY.
The document Cloud revenue was $721 million, growing 17%.
The effective tax rate in Q4 was around 18% on both GAAP and non-GAAP basis.

Business Progress:

Adobe made significant strides in Creative and Document segments, with Creative Cloud remaining the platform of choice for content creators.
The AI model, Firefly, drove significant customer engagement across Creative Cloud, with over 4.5 billion generations since launch.
The integration of desktop, web, and mobile into a single ecosystem drove Document Cloud’s monthly active users up by over 70% YoY.
Adobe introduced generative capabilities across Adobe Express, which includes Text to Image, Text to Effects, Text to Template, and Generative Fill.
New customer wins include Cyber Agent, Deloitte, Discovery Communications, Nexstar Media, Pepsi, Publicis, and the United Nations for Creative Cloud and Alshaya, Bank of America, Department of Veterans Affairs, MasterCard, State Farm Auto Insurance, and Volkswagen for Document Cloud.
Innovative expansion of products, notably in the Adobe Experience Cloud portfolio, has been instrumental in delivering personalized customer experiences and gaining momentum in digital experiences market.
The company’s future financial plans indicate continual topline growth and profitability, as well as strategic investment in business growth and R&D marketing and sales.