The above graph represents Adobe total operating expenses by quarter, starting from fiscal Q1 1994 to the recently completed quarter. The company’s total operating expenses increased 12.8% YoY in fiscal Q1 2020, to an all-time high of $1,702 million. A majority of that company spent on sales and marketing activities, globally.
Adobe Quarterly Expenses: History
|Source||Adobe Quarterly Reports, Sec Filings|
|Note||Adobe fiscal year starts from December 1st|
As the graph shows, the company has always been spending over 50% of its total quarterly revenue on R&D, sales and marketing expenses, general and administrative, etc.
The fiscal Q3 2007 was the first time when Adobe’s quarterly operating expenses surpassed $500 million mark, representing 59.2% of the total revenue.
One must note that fiscal Q2 2017 was the first time when the quarterly operating expenses of Adobe crossed $1 billion mark for the first time since inception. The total expenses clocked $1,029 million in fiscal Q2 2017, representing over 58% of the total revenue.
About Adobe Inc.
Adobe Inc. (NASDAQ: ADBE) (formerly known as Adobe Systems Incorporated ) is an American multinational computer software company. Adobe was founded in December 1982 by Charles Geschke and John Warnock.
Prior to co-founding Adobe, Charles Geschke and John Warnock were working at Xerox‘s Palo Alto Research Center (PARC). At PARC, Geschke and Warnock, together invented a page description language (PDL), which provided a means to describe complex forms like typefaces electronically – called Interpress. They tried almost for two years to convince Xerox management to turn Interpress into a commercial product but failed. Later, they both left Xerox and co-found Adobe Systems.
Adobe was originally incorporated in California in October 1983 and later in May 1997, it was reincorporated in Delaware.
On August 20, 1986, Adobe went for Initial public offering, at a split-adjusted share price of US$.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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