“Net New Digital Media ARR of approximately $1.90 billion.”

In context

“iness with a stronger sequential increasing Q4. As a result, for Q3 we are targeting total Adobe revenue of approximately $4.43 billion, net New Digital Media ARR of approximately $430 million. Digital Media segment revenue growth of approximately 13% year-over-year, or 16% in constant currency. Digital Experience segment revenue growth of approximately 12% year-over-year, or 14% in constant currency. Digital Experience subscription revenue growth of approximately 13% year-over-year, or 15% in constant currency; tax rate of approximately 22.5% on a GAAP basis, and 18.5% on a non-GAAP basis, and GAAP earnings per share of approximately $2.35 and non-GAAP earnings per share of approximately $3.33. For fiscal year 2022, we're now targeting total Adobe revenue of approximately $17.65 billion. Net New Digital Media ARR of approximately $1.90 billion. Digital Media segment revenue growth of approximately 12% year-over-year, or 17% on an adjusted basis. Digital Experience segment revenue growth of approximately 14% year-over-year, or 17% on an adjusted basis. Digital Experience subscription revenue growth of approximately 15% year-over-year, or 19% on an adjusted basis. Tax rate of approximately 21% on a GAAP basis, and 18.5% on a non-GAAP basis, and GAAP earnings per share of approximately $9.95 and non-GAAP earnings per share of approximately $13.50. In summary, I'm pleased by the way Adobe executed in Q2. We are driving growth across Creative Cloud, Document Cloud and Experience Cloud with momentum in our established businesses and early success in our new initiatives. As a result of our disciplined operating model and focused execut”