Show last authors
1 {{box cssClass="floatinginfobox" title="**Contents**"}}
2 {{toc/}}
3 {{/box}}
4
5 = Summary =
6
7 * Adobe is the largest and most diversified software company in the world.
8 * Adobe serves from individuals and small businesses to government agencies and global brands.
9 * The company offers a line of products and services used by creative professionals.
10 * Adobe to Acquire Figma
11
12
13
14 [[image:ADBE0.png||height="188" width="717"]]
15
16
17 Adobe (Nasdaq: ADBE, LSE:0R2Y) is the largest and most diversified software companies in the world. Adobe serves from individuals and small businesses to government agencies and global brands. Headquartered in San Jose, California, and with more than 26,000 employees, the company achieved revenue of US$15.79 billion in fiscal year 2021.
18
19
20 = Recent Developments =
21
22 **Adobe to Acquire Figma**{{footnote}}https://www.adobe.com/content/dam/cc/en/investor-relations/pdfs/51902202/a345wt9e8rguhf.pdf{{/footnote}}
23
24 Sept. 15, 2022; Adobe announced it has entered into a definitive merger agreement to acquire Figma, a leading web-first collaborative design platform, for approximately $20 billion in cash and stock. The combination of Adobe and Figma will usher in a new era of collaborative creativity.
25
26
27
28 [[image:ADBE1.jpg]]
29
30
31 = Financial Highlights =
32
33 Adobe achieved revenue of $17.61 billion in fiscal year 2022, which represents 12 percent year-over-year growth or 15 percent adjusted yearover-year growth. Diluted earnings per share was $10.10 on a GAAP basis and $13.71 on a non-GAAP basis.{{footnote}}https://fintel.io/doc/sec-adobe-inc-796343-10k-2023-january-17-19375-4693{{/footnote}}
34
35
36 GAAP operating income was $6.10 billion and non-GAAP operating income was $7.95 billion. GAAP net income was $4.76 billion and nonGAAP net income was $6.46 billion.
37
38
39 Total Digital Media ARR of approximately $13.97 billion as of December 2, 2022 increased by $1.82 billion, or 15%, from $12.15 billion as of December 3, 2021. The change in its Digital Media ARR was primarily due to new user adoption of its Creative Cloud and Document Cloud offerings, partially offset by an $87 million ARR reduction taken in March 2022 in response to the Russia-Ukraine war.
40
41
42 Creative revenue of $10.46 billion increased by $913 million, or 10%, during fiscal 2022, from $9.55 billion in fiscal 2021. Document Cloud revenue of $2.38 billion increased by $409 million, or 21%, during fiscal 2022, from $1.97 billion in fiscal 2021. The increases were primarily due to subscription revenue growth associated with its Creative Cloud and Document Cloud offerings.
43
44
45 Digital Experience revenue of $4.42 billion increased by $555 million, or 14%, during fiscal 2022, from $3.87 billion in fiscal 2021. The increase was primarily due to subscription revenue growth across its offerings.
46
47
48 Remaining performance obligations of $15.19 billion as of December 2, 2022 increased by $1.20 billion, or 9%, from $13.99 billion as of December 3, 2021, primarily due to new contracts and renewals for its Digital Media and Digital Experience offerings, partially offset by the impact of foreign currency exchange rate fluctuations.
49
50
51 Cost of revenue of $2.17 billion increased by $300 million, or 16%, during fiscal 2022, from $1.87 billion in fiscal 2021 primarily due to increases in hosting services and data center costs, as well as increases in base and incentive compensation and related benefits costs.
52
53
54 Operating expenses of $9.34 billion increased by $1.23 billion, or 15%, during fiscal 2022, from $8.12 billion in fiscal 2021 primarily due to increases in base and incentive compensation and related benefits costs, as well as increased marketing spend.
55
56
57 Cash flows from operations of $7.84 billion during fiscal 2022 increased by $608 million, or 8%, from $7.23 billion in fiscal 2021 primarily due to higher net income after adjustment for non-cash items.
58
59
60
61 [[image:ADBE2.png]]
62
63
64 = Company Overview =
65
66 Founded in 1982, Adobe is one of the largest and most diversified software companies in the world. The company offer a line of products and services used by creative professionals, including photographers, video editors, graphic and experience designers and game developers; communicators, including content creators, students, marketers and knowledge workers; businesses of all sizes; and consumers for creating, managing, delivering, measuring, optimizing, engaging and transacting with compelling content and experiences across personal computers, smartphones, other electronic devices and digital media formats.
67
68
69 == Product and Services ==
70
71 **Digital Media**
72
73 The company provide products, services and solutions that enable individuals, teams and enterprises to create, publish and promote their content anywhere and accelerate their productivity by modernizing how they view, share, engage with and collaborate on documents and creative content. The company's Digital Media segment is centered around Adobe Creative Cloud and Adobe Document Cloud, which include Adobe Express, Photoshop, Illustrator, Lightroom, Premiere Pro, Acrobat, Adobe Acrobat Sign and many more products, offering a variety of tools for creative professionals, communicators and other consumers. This is the core of what Adobe has delivered to users for decades, and Adobe has continually evolved and expanded its business model to provide its customers with a range of flexible solutions that allow them to reach their full creative potential anytime, anywhere, on any device and on projects of all types.
74
75
76 **Digital Experience**
77
78 The company provide an integrated platform and set of applications and services through Adobe Experience Cloud that enable brands and businesses to create, manage, execute, measure, monetize and optimize customer experiences that span from analytics to commerce. The company's customers include marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers and executives across the C-suite. The foundation of its offering is Adobe Experience Platform, which provides businesses and brands with an open and extensible system for customer experience management that transforms customer data into robust customer profiles that update in real time and uses insights driven by artificial intelligence (“AI”) to enable the delivery of personalized digital experiences across various channels in milliseconds.
79
80
81
82 [[image:ADBE3.jpg]]
83
84
85 == Adobe Ventures ==
86
87 Adobe Ventures invests in early-to-midstage companies that create software at the forefront of creativity, digital experiences, and document productivity. Adobe has a long history of partnering with founders, inventors, entrepreneurs, and their teams to help them advance their vision. The company work closely with its portfolio companies to provide support and expert guidance so they can evolve, innovate, and make an impact.{{footnote}}https://www.adobe.com/ventures.html{{/footnote}}
88
89
90 Companies in Adobe Ventures current portfolio.
91
92
93
94 [[image:ADBE4.png]]
95
96
97 == Company History ==
98
99 Adobe Inc, formerly known as Adobe System Incorporated, is a popular design, printing, and publishing software developer founded in 1982.{{footnote}}https://illustratorhow.com/adobe-history/{{/footnote}}
100
101
102 Started out with its first desktop publishing product Postscript in 1983, today it’s known for providing creative solutions for advertising, marketing, and visual communication. From image manipulation to video animation, Adobe has a designed program to meet the needs.
103
104
105 Some of Adobe’s popular products like Illustrator and Photoshop are rated as the best design tools by many designers. The introduction of Adobe Acrobat and PDF was also a game-changer in the digital publishing industry.
106
107
108
109 [[image:ADBE5.png]]
110
111
112 === Major acquisitions ===
113
114 * ContentCal, 2021
115 * Frame.io, 2021
116 * Workfront, 2020
117 * Allegorithmic, 2019
118 * Marketo, 2018
119 * Magento, 2018
120 * Fotolia, 2015
121 * Behance, 2012
122 * Day Software, 2010
123 * Omniture, Inc., 2009
124 * Macromedia, Inc., 2005
125
126
127 = References =
128
129 {{putFootnotes/}}
This site is funded and maintained by Fintel.io