The above graph represents Adobe subscription revenue by quarter, starting from fiscal Q1 2009 to the recently completed quarter. A whopping 91.39% of Adobe’s total revenue in FY Q1 2020 came from the subscription services. Adobe Subscription revenue in Q1 2020 increased a strong 22.6% YoY to $2,825 million ($2.8 billion) – the highest in the last 45 quarters.
Adobe Revenue from Subscription Services: History
|Source||Adobe Quarterly Reports, Sec Filings|
|Note||Adobe Fiscal Year starts from December 1st|
Adobe’s subscription revenue is primarily comprised of fees that the company charge for subscription and hosted service offerings, that include Creative Cloud, Adobe Experience Cloud and Document Cloud services.
The subscription services revenue has consistently been increasing since fiscal Q3 2010. In fiscal Q4 2010, Adobe revenue from subscription services crossed the $100 million mark for the first time. While the contribution of subscription services revenue to the company’s total revenue in Q4 2010 was only 9.96%.
In fiscal Q3 2014, Adobe reported a strong 83% YoY growth in subscription services revenues, surpassing $500 million for the first time. The share of subscription services revenues also reached to 54.4%.
Later in fiscal Q1 2016, the revenue figure crossed $1 billion mark. Adobe’s revenue from subscription services in fiscal Q1 2016 increased a whopping 50% YoY, to $1,070.2 million – that’s 77% of the company’s total quarterly revenue.
About Adobe Inc.
Adobe Inc. (NASDAQ: ADBE) (formerly known as Adobe Systems Incorporated ) is an American multinational computer software company. Adobe was founded in December 1982 by Charles Geschke and John Warnock.
Prior to co-founding Adobe, Charles Geschke and John Warnock were working at Xerox‘s Palo Alto Research Center (PARC). At PARC, Geschke and Warnock, together invented a page description language (PDL), which provided a means to describe complex forms like typefaces electronically – called Interpress. They tried almost for two years to convince Xerox management to turn Interpress into a commercial product but failed. Later, they both left Xerox and co-found Adobe Systems.
Adobe was originally incorporated in California in October 1983 and later in May 1997, it was reincorporated in Delaware.
On August 20, 1986, Adobe went for Initial public offering, at a split-adjusted share price of US$.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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