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The above graph represents Adobe revenue and net income by quarter, starting from fiscal Q1 1994 to the most recent quarter. Adobe quarterly revenue and net income, both reached an all-time high in FY Q1 2020. The global revenue of Adobe clocked over $3,091 million during the first quarter of 2020, with a record net profit of $955 million.
Adobe Quarterly Revenue and Net Income: History
|Source||Adobe Quarterly Reports, Sec Filings|
|Note||Adobe fiscal year starts from December 1st|
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.
In fiscal Q4 2005, Adobe achieved the $500 million revenue milestone for the first time. In the fourth quarter of 2005, the company’s revenue increased an impressive 18.8% YoY to $510.4 million. Adobe’s net profit also soared to $156.3 million in fiscal Q4 2005, with a 37.7% YoY growth.
When it comes to net income, it was fiscal Q4 2017 when Adobe’s net income crossed the $500 million mark for the first time. The company’s generated a net profit of $501.5 million, with nearly 26% YoY.
The company took another 5 years to achieve the milestone of $1 billion in revenue. In fiscal Q4 2010, Adobe generated a record $1007.95 million ($1 billion) in revenue, with a 33% YoY growth. Surprisingly, in that quarter, the company net income also increased to $268.9 million, from a net loss of $32 million in fiscal Q4 2009.
About Adobe Inc.
Adobe Inc. (NASDAQ: ADBE) (formerly known as Adobe Systems Incorporated ) is an American multinational computer software company. Adobe was founded in December 1982 by Charles Geschke and John Warnock.
Prior to co-founding Adobe, Charles Geschke and John Warnock were working at Xerox‘s Palo Alto Research Center (PARC). At PARC, Geschke and Warnock, together invented a page description language (PDL), which provided a means to describe complex forms like typefaces electronically – called Interpress. They tried almost for two years to convince Xerox management to turn Interpress into a commercial product but failed. Later, they both left Xerox and co-found Adobe Systems.
Adobe was originally incorporated in California in October 1983 and later in May 1997, it was reincorporated in Delaware.
On August 20, 1986, Adobe went for Initial public offering, at a split-adjusted share price of US$.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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