Business Momentum Deferred Revenue and Unbilled Backlog / RPO $10 $8 • Remaining Performance Obligation (RPO) replaces s $6 n $5.05 deferred revenue and io l il B unbilled backlog metric $ $3.94 $4 $3.42 • RPO provides visibility into $2 contractually committed $2.50 $3.05 future revenue $2.02 $0 FY2016 FY2017 FY2018 FY2019E RPO Deferred Revenue Unbilled Backlog Source: Adobe; FY2019E reflects FY2019 YTD results and Q4FY2019 financial targets © 2019 Adobe. All Rights Reserved.

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