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The above graph represents Adobe net income by quarter, starting from fiscal Q1 1994 to the recently completed quarter. Adobe posted its highest-ever quarterly net profit of $955 million in fiscal Q1 2020, with a strong 41.64% year-over-year growth. On a quarterly basis, the company recorded an appreciable 12.1% growth in net profit.
Adobe Quarterly Net Income: History
|Source||Adobe Quarterly Reports, Sec Filings|
|Note||Adobe fiscal year starts from December 1st|
The fiscal Q1 2004 was the first time when Adobe surpassed $100-million in quarterly net profit. The company generated a profit of $123.04 million, with an astonishing 126.9% YoY growth.
The company took almost 14 years to achieve another big milestone; Adobe net income in Q4 2017 crossed the $500 million mark for the first time. The company’s generated a net profit of $501.5 million, with nearly 26% YoY and 19.5% QoQ growth.
It is important to note that in the last 25 years, between Q1 1994 and Q1 2019, there were only 3 quarters when Adobe reported some loss; First was in fiscal Q4 1994 when the firm posted a net loss of $45.16 million. The second was in fiscal Q4 1995 when the firm posted a loss of $11.79 million. Surprisingly, after 14 years in Q4 2009, the company again reported a net loss of $32.04 million.
About Adobe Inc.
Adobe Inc. (NASDAQ: ADBE) (formerly known as Adobe Systems Incorporated ) is an American multinational computer software company. Adobe was founded in December 1982 by Charles Geschke and John Warnock.
Prior to co-founding Adobe, Charles Geschke and John Warnock were working at Xerox‘s Palo Alto Research Center (PARC). At PARC, Geschke and Warnock, together invented a page description language (PDL), which provided a means to describe complex forms like typefaces electronically – called Interpress. They tried almost for two years to convince Xerox management to turn Interpress into a commercial product but failed. Later, they both left Xerox and co-found Adobe Systems.
Adobe was originally incorporated in California in October 1983 and later in May 1997, it was reincorporated in Delaware.
On August 20, 1986, Adobe went for Initial public offering, at a split-adjusted share price of US$.17. It was the first time in 1999 when Adobe’s annual revenue crossed $1 billion mark.
On October 3, 2018, Adobe officially changed its name from Adobe Systems Incorporated to Adobe Inc. The company’s business is organized into three reportable segments: Digital Media, Digital Experience, and Publishing.
Here are some interesting facts about Adobe.
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