The above represents the worldwide Adobe revenue by quarter, starting from fiscal Q1 1994 to the recently completed quarter. Adobe’s revenue in Q4 2019 reached an all-time high of $2,991.95 million (~$3 billion), globally. That’s an impressive 21.4% YoY and 5.57% QoQ growth in quarterly revenue. Interestingly, a majority of the company’s total revenue comes from its subscription services.
Adobe Quarterly Revenue Worldwide: History
|Source||Adobe Quarterly Reports, Sec Filings|
|Note||Adobe fiscal year starts from December 1st|
It was fiscal Q4 2005 when Adobe quarterly revenue surpassed the $500 million mark for the first time, with a significant 18.8% YoY increase. The company took another 5 years to achieve the $1-billion revenue milestone. In fiscal Q4 2010, Adobe generated a record $1007.95 million ($1 billion) in revenue, with a 33% YoY growth.
Adobe’s quarterly revenue has been increasing consistently from fiscal Q2 2014 to Q3 2019, as observed from the graph. Interestingly, in fiscal Q4 2017, the company’s revenue crossed the $2 billion mark. The quarterly revenue increased a whopping 24.8% YoY to reach $2,006.6 million ($2 billion), worldwide.
Adobe derives its revenue from the sales of cloud-enabled software subscriptions, cloud-hosted offerings, term-based, royalty, and perpetual software licenses, associated software maintenance and support plans, consulting services, training and technical support.
About Adobe Inc: Additional Information
Adobe Inc. (NASDAQ: ADBE) (formerly known as Adobe Systems Incorporated ) is an American multinational computer software company. Adobe was founded in December 1982 by Charles Geschke and John Warnock.
Prior to co-founding Adobe, Charles Geschke and John Warnock were working at Xerox‘s Palo Alto Research Center (PARC). At PARC, Geschke and Warnock, together invented a page description language (PDL), which provided a means to describe complex forms like typefaces electronically – called Interpress. They tried almost for two years to convince Xerox management to turn Interpress into a commercial product but failed. Later, they both left Xerox and co-found Adobe Systems.
Adobe was originally incorporated in California in October 1983 and later in May 1997, it was reincorporated in Delaware.
On August 20, 1986, Adobe went for Initial public offering, at a split-adjusted share price of US$.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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