Adobe's Q4 solid, Creative Cloud subscriptions hit 6.2 million

Adobe CEO Shantanu Narayen touted the company's subscription growth, which he said was fueled by continued migration of the Creative Suite installed base.

Adobe's fourth quarter earnings and revenue were better than expected as the company ended fiscal 2015 with 6.17 million Creative Cloud subscribers.

The creative software giant reported fiscal fourth quarter earnings of $222.7 million, or 44 cents a share, on revenue of $1.31 billion. Non-GAAP earnings in the quarter were 62 cents a share.

Wall Street was looking for earnings of 60 cents a share on revenue of $1.31 billion.

In prepared remarks, Adobe CEO Shantanu Narayen touted the company's subscription growth, which he said was fueled by continued migration of the Creative Suite installed base as well as the addition of customers that are new to Adobe's creative products.

"Four years into our Creative Cloud journey, we have deeper insight into the needs of the Creative community, more satisfied customers, and a significantly larger total addressable market," Narayen said.

The Photoshop maker added 833,000 Creative Cloud subscribers across its individual, team and enterprise accounts during Q4.

Meanwhile, Adobe Marketing Cloud brought in $352 million for the quarter and a record $1.36 billion in annual revenue.

For the first quarter of fiscal 2016 Adobe is targeting a revenue range of $1.3 billion to $1.35 billion.

Adobe's share price gained about 4 percent in after market trading Thursday, likely helping the firm recoup some of its losses following a revised 2016 revenue forecast in early October that was well below Wall Street expectations.