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 12.8% YoY in Q1 2020, to $1,702 million. Over 50% 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 9.7% YoY in Q1 2020, to an all-time high of $857 million – that’s 27.7% of the company’s total revenue.
Adobe R&D expenses also reached an all-time high of $532 million during the first quarter of 2020, with 14.5% YoY increase. Interestingly, the FY Q1 2020 was also the first time when Adobe’s research and development expenses surpassed $500 million mark for the first time in history.
With a strong 25.4% YoY growth, Adobe’s General and Administrative expenses reached a record-high of $271 million in FY Q1 2020.
About Adobe, Inc.
Adobe Inc. (NASDAQ: ADBE) (formerly known as Adobe Systems Incorporated ) is an American multinational computer software company. Adobe was founded in December 1982 by Charles Geschke and John Warnock.
Prior to co-founding Adobe, Charles Geschke and John Warnock were working at Xerox‘s Palo Alto Research Center (PARC). At PARC, Geschke and Warnock, together invented a page description language (PDL), which provided a means to describe complex forms like typefaces electronically – called Interpress. They tried almost for two years to convince Xerox management to turn Interpress into a commercial product but failed. Later, they both left Xerox and co-found Adobe Systems.
Adobe was originally incorporated in California in October 1983 and later in May 1997, it was reincorporated in Delaware.
Adobe is best known for Adobe Flash, Adobe Photoshop, Acrobat Reader, the Portable Document Format (PDF), and Adobe Creative Suite, Adobe Creative Cloud.
On August 20, 1986, Adobe went for Initial public offering, at a split-adjusted share price of US$.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.
Adobe currently stands at No. 339 on 2019 Fortune 500 list of companies, up from No. 443 in 2017
Here are some interesting facts about Adobe.
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