In September 21st, Adobe Systems announced today that the company reported fiscal revenue for the third quarter of fiscal year 2016 of $1 billion 460 million, an increase of 20% over last year's $1 billion 220 million, a record high; net profit was $270 million 800 thousand, an increase of 55% over last year's $174 million 500 thousand. Exceeded Wall Street analysts expected Adobe performance in the third quarter, pushing its shares rose sharply in after hours more than 4%.
In this quarter of September 2nd, Adobe revenue of $1 billion 460 million, an increase of 20% over last year's $1 billion 220 million, exceeding analysts' expectations. Financial information provider FactSet survey, analysts on average expected 1 billion 220 million quarter revenue of $third for the quarter. By sector, the quarter from the subscription business revenue of $1 billion 169 million, $829 million higher than the same period last year; the product revenue of $181 million, $275 million lower than the same period last year; service and support revenue of $114 million, $113 million higher than the same period last year.
Adobe net profit for the third quarter was $270 million 800 thousand, earnings per share of 54 cents, this performance is much better than the same period last year. In the third quarter of fiscal year 2015, Adobe net profit of $174 million 500 thousand, earnings per share of 35 cents. Excluding certain one-time items (not in accordance with GAAP), Adobe third quarter adjusted earnings per share of 75 cents, but also exceeded analysts had expected. FactSet survey, analysts on average expected Adobe third quarter earnings per share of 72 cents per share.
Operating profit for the quarter Adobe grew by 50%, not in accordance with U.S. GAAP operating profit rose 55%. Adobe's cash flow from operations in the first quarter was $518 million, a record high of $1 billion 800 million in deferred revenue. Adobe in the third quarter to repurchase approximately 3 million 500 thousand shares, the return of $344 million in cash to shareholders.
On the same day, Adobe shares rose $0.94 in regular trading on the Nasdaq market, to close at $100.62, or 0.94%. In the ensuing at 16:46 U.S. Eastern time (Beijing time 21 4:46) hours trading, Adobe shares rose another $4.65, to $105.27, or 4.62%, exceeded 52 weeks highest price. Over the past 52 weeks, the highest share price of Adobe is $104.16, the lowest share price of $71.27.