The above graph represents Adobe operating expenses by quarter, starting from fiscal Q1 1994 to the recently completed quarter. The company’s operating expenses include R&D expenses, sales and marketing expenses, general and administrative, ammortization of purchased intangibles, etc. Adobe’s total operating expenses increased 13.4% YoY in Q4 2019, to $1,570 million. Over 51% of that company spent on sales and marketing.
|Source||Adobe Quarterly Reports, Sec Filings|
|Note||Adobe fiscal year starts from December 1st|
Adobe Sales and Marketing expenses increased 10.8% YoY in Q4 2019, to $801.6 million – that’s 26.8% of the company’s total revenue.
Adobe R&D expenses also increased a notable 20.2% YoY in fiscal Q4 2019, to an all-time high of $499.8 million – that’s nearly 16.7% of the company’s total revenue.
With 6.4% YoY growth, Adobe’s General and Administrative expenses reached a record-high of $225.9 million in FY Q4 2019.
About Adobe, Inc.
Adobe Inc. (NASDAQ: ADBE) (formerly known as Adobe Systems Incorporated ) is an American multinational computer software company. Adobe was founded in December 1982 by Charles Geschke and John Warnock.
Prior to co-founding Adobe, Charles Geschke and John Warnock were working at Xerox‘s Palo Alto Research Center (PARC). At PARC, Geschke and Warnock, together invented a page description language (PDL), which provided a means to describe complex forms like typefaces electronically – called Interpress. They tried almost for two years to convince Xerox management to turn Interpress into a commercial product but failed. Later, they both left Xerox and co-found Adobe Systems.
Adobe was originally incorporated in California in October 1983 and later in May 1997, it was reincorporated in Delaware.
On August 20, 1986, Adobe went for Initial public offering, at a split-adjusted share price of US$.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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