Adobe Inc (NASDAQ:ADBE) posted financial results for the second quarter after the closing bell on Thursday. Here’s a rundown of the report.

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Adobe Q2 Earnings Highlights

Adobe reported second-quarter revenue of $6.62 billion, beating analyst estimates of $6.46 billion, according to Benzinga Pro. The software company reported adjusted earnings of $5.96 per share, beating estimates of $5.82 per share.

Total revenue was up 13% year-over-year as total customer group subscription revenue increased 14% year-over-year to $6.39 billion. Adobe reported $27.10 billion in total annualized recurring revenue (ARR) and said AI-first ARR tripled on a year-over-year basis, exceeding $500 million.

Adobe had $22.27 billion of remaining performance obligations at quarter's end. The company exited the period with $4.92 billion in cash and cash ...