Adobe hits $11 billion in annual revenue, a new company record

Canon Rumors Guy

EOS 1D MK II
Jul 20, 2010
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Record Fourth Quarter Contributes to 24 Percent Year-Over-Year Annual Growth
SAN JOSE, Calif.–Adobe (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year 2019 ended Nov. 29, 2019.
In its fourth quarter of fiscal year 2019, Adobe achieved record quarterly revenue of $2.99 billion, which represents 21 percent year-over-year growth. In fiscal year 2019, Adobe achieved record annual revenue of $11.17 billion, which represents 24 percent year-over-year growth.

“Adobe’s phenomenal performance in Q4 capped a record fiscal 2019 with revenue exceeding $11 billion,” said Shantanu Narayen, president and CEO, Adobe. “Adobe’s vision, category leadership, continuous product innovation and large and loyal customer base position us well for 2020 and beyond.”
“Adobe delivered another year of strong revenue growth and expanding profitability resulting in record earnings,” said John Murphy, executive vice president and CFO, Adobe. “We are bullish about our...
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ERHP

EOS RP
May 9, 2013
369
256
San Diego
erhp.smugmug.com
I wonder how much of this was due to them offering the entire suite at a fraction of the previous monthly fee. That's money they likely would not have gotten under normal pricing because people will use other products at that price point. Many of those people will likely ditch it once their plan goes back to full price.
 

privatebydesign

Would you take advice from a cartoons stuffed toy?
Jan 29, 2011
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Then lower the &@#* monthly subscription rates!!
Because what other pro level software designed and built for professional use can you get for $7.90 a month? Indeed what else can you get for $7.90 a month? My Pandora subscription is $9.99!

I wonder how much of this was due to them offering the entire suite at a fraction of the previous monthly fee. That's money they likely would not have gotten under normal pricing because people will use other products at that price point. Many of those people will likely ditch it once their plan goes back to full price.
A comparatively small amount, look at their financials and you will see they are what they say they are, a predominantly professional software tool marketed to professional users, meaning users who use Adobe software to earn their living.
 

Graphic.Artifacts

EOS 7D MK II
Aug 1, 2017
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You really have to admire Adobe. I thought the subscription model was a terrible idea and I figured the entire desktop software sector was facing a slow lingering demise. I sure got that wrong. Not only have they boosted their own bottom line they have reinvigorate the entire sector. Those that don’t want to pay the subscription fee now have better alternatives to Adobe then have ever existed in the past.
 

LSXPhotog

EOS RP
Apr 2, 2015
386
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www.diossiphotography.com
Anytime I see people complaining about a $10 a month subscription to the industry standard photo editing suite that used to cost upwards of $700 make me laugh incredibly hard. I spend $120 a year now on two programs that are always up to date with the latest cameras/lens profiles BEFORE anyone else. Get over it. You can't steal the software anymore and I'm saving hundreds every year while sharing licenses between 3 computers without a problem (desktop and two different travel laptops).
 

slclick

135 LSD
Dec 17, 2013
3,380
915
You really have to admire Adobe. I thought the subscription model was a terrible idea and I figured the entire desktop software sector was facing a slow lingering demise. I sure got that wrong. Not only have they boosted their own bottom line they have reinvigorate the entire sector. Those that don’t want to pay the subscription fee now have better alternatives to Adobe then have ever existed in the past.
You would think the low low land price in Lehi Utah would get passed on to the little guy but noooooooo
 

Dantana

EOS RP
Jan 29, 2013
269
108
Los Angeles, CA
www.flickr.com
Because what other pro level software designed and built for professional use can you get for $7.90 a month? Indeed what else can you get for $7.90 a month? My Pandora subscription is $9.99!


A comparatively small amount, look at their financials and you will see they are what they say they are, a predominantly professional software tool marketed to professional users, meaning users who use Adobe software to earn their living.
Exactly.

And I'm sure a good chunk of revenue was from Enterprise and Teams Subscription Licensing that lets an entire company use their tools, the way a few hundred people around me are using them right now.
 

AlanF

Canon 5DSR II
Aug 16, 2012
5,997
3,681
Nice to know that there are so many philanthropists on CR who are so happy to donate their few dollars per month to Adobe to add to its corporate billions.
 

privatebydesign

Would you take advice from a cartoons stuffed toy?
Jan 29, 2011
8,089
1,416
119
Nice to know that there are so many philanthropists on CR who are so happy to donate their few dollars per month to Adobe to add to its corporate billions.
As opposed to Canon, Google, AT&T, power companies, car companies etc etc etc. Like all the others my relationship is transactional, they make something and I choose to buy it (which is not the definition of philanthropy), I have other options but honestly feel the very modest monthly payment is good value. I can understand other people not thinking that specific equation is worth it for their photography, but to suggest the corporate capitalist model between Adobe and their customers is different than any of the others is rather disingenuous. Adobe never asked for a bailout! Indeed they were in dire financial straights and were really forced into the subscription model.
 

Graphic.Artifacts

EOS 7D MK II
Aug 1, 2017
493
318
Did I prefer it when lightroom was pretty much free. Sure. However, Adobe's subscription model, which gives so many people night-sweats, has created a window for other software developers in the space to offer lower cost "single purchase" alternatives and they've respsonded with some excellent new offerings.

If you like Adobe's products and pricing great. Personally I think it's a pretty good value. If you don't, there are now lots of alternatives.

Adobe has forced it's customers to either find value in their products or find alternatives. Looks like a win for everybody as far as I can tell.

If you just want somebody to hate; cable companies are a good place to start in my opinion.
 

Dantana

EOS RP
Jan 29, 2013
269
108
Los Angeles, CA
www.flickr.com
I guess it's all perspective. The Adobe subscriptions are inexpensive compared to the Autodesk subscriptions. Maya runs $195/month on its own. So, even at $50/month for the Adobe Suite at full price, it seems like a bargain. $9/month for Lightroom? That seems like a no brainer.