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The above graph represents Adobe cash reserve by quarter, starting from fiscal Q4 1994 to the recently completed quarter. The company’s total cash reserves consist of actual cash, cash equivalents, and short-term investments. Adobe has $4,171 million cash on hand as of February 28, 2020, representing an appreciable 29.3% YoY increase. However, it’s a 0.14% decline from Q4 2019 when the company had $4,177 million cash in reserves.
Growth in Adobe Cash Reserve: History
|Source||Adobe Quarterly Reports, Sec Filings|
|Note||Adobe fiscal year starts from December 1st|
One must note that in fiscal Q2 2018, Adobe cash hoard swelled to a record $6,334.1 million, with 28.4% YoY growth. However, the figure declined to $4,944.5 million in the following quarter itself.
Adobe’s cash pile surpassed $5,000 million or $5 billion mark for the first time in fiscal Q3 2017. The company reported a total of $5,368.5 million cash in reserve during the quarter.
About Adobe Inc.
Adobe Inc. (NASDAQ: ADBE) (formerly known as Adobe Systems Incorporated ) is an American multinational computer software company. Adobe was founded in December 1982 by Charles Geschke and John Warnock.
Prior to co-founding Adobe, Charles Geschke and John Warnock were working at Xerox‘s Palo Alto Research Center (PARC). At PARC, Geschke and Warnock, together invented a page description language (PDL), which provided a means to describe complex forms like typefaces electronically – called Interpress. They tried almost for two years to convince Xerox management to turn Interpress into a commercial product but failed. Later, they both left Xerox and co-found Adobe Systems.
Adobe was originally incorporated in California in October 1983 and later in May 1997, it was reincorporated in Delaware.
On August 20, 1986, Adobe went for Initial public offering, at a split-adjusted share price of US$.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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