Adobe reports record Q4 and fiscal 2020 revenue

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SAN JOSE, Calif.–(BUSINESS WIRE)— Adobe (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year ended Nov. 27, 2020. In its fourth quarter of fiscal year 2020, Adobe achieved record quarterly revenue of $3.42 billion, which represents 14 percent year-over-year growth. In fiscal year 2020, Adobe achieved record annual revenue of $12.87 billion, which represents 15 percent year-over-year growth.
“Adobe delivered record Q4 and FY20 revenue performance amidst an unprecedented macroeconomic environment,” said Shantanu Narayen, president and CEO, Adobe. “As the undisputed leader in three growing categories – creativity, digital documents and customer experience management – we are well-positioned to capture the massive market opportunity ahead of us in 2021 and beyond.”

“The resilience of our business, our operational discipline and ability to derive insights from real-time data has enabled us to thrive in 2020,” said John Murphy, executive vice...

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YuengLinger

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Adobe who? I've moved on to Affinity Photo. I still need to learn it like I knew PS but for as much as I used PS it made perfect sense to make switch. It does 100% of what I need and probably will for 99% of you. I love how Adobe is a billion dollar company now and can't give the starving artists a break with pricing during a year pandemic and lost jobs. Sad Adobe sad..
 
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LDS

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How many of us freelancers are teetering on collapse but they're having record revenues?

Look at the bright side of subscriptions (from Adobe POV) - even if your business is on the verge of collapsing you still have to pay Adobe or your tools will mostly stop working and will put you in an even worse situation. You Canon cameras and lenses will still keep on working fully even if you didn't buy an R5 and a batch of RF lenses, but your Adobe software won't. If you have stored images on its cloud, they could be deleted if you don't keep on paying.

I know a couple of video agencies that have been hit hard by the pandemic here since their usual customers cut most of the work they usually assign them. more even so for the Xmas period, but still have to pay Adobe software to avoid to be hindered to work wholly. That's the main reason I don't like subscriptions - they look good when the money keep rollin' in - the problem is when they don't.
 
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Look at the bright side of subscriptions (from Adobe POV) - even if your business is on the verge of collapsing you still have to pay Adobe or your tools will mostly stop working and will put you in an even worse situation. You Canon cameras and lenses will still keep on working fully even if you didn't buy an R5 and a batch of RF lenses, but your Adobe software won't. If you have stored images on its cloud, they could be deleted if you don't keep on paying.

I know a couple of video agencies that have been hit hard by the pandemic here since their usual customers cut most of the work they usually assign them. more even so for the Xmas period, but still have to pay Adobe software to avoid to be hindered to work wholly. That's the main reason I don't like subscriptions - they look good when the money keep rollin' in - the problem is when they don't.
For most people here you are talking about $7.50 a month, the price of a couple of coffees, are you seriously suggesting that is the straw that breaks the camels back? I’d put the horrific cost of health insurance hundreds of dollars a month above that, or how about a $60+ a month phone plan, or cable tv with virtually no options for $45 a month if you also buy other services you don’t want or barely work at the same rate. How about $130 a ticket for a single day at Disney, that is more than it costs for a year of the leading professional imaging software.

But Adobe are far from the only business software that is subscription based, in fact in the business arena Adobe stand out as setting their subscription fees at a very low price point.
 
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LDS

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For most people here you are talking about $7.50 a month,

I was talking about professionals buying higher priced SKUs for several users. Which could be in serious troubles because they have to decide which expenses to defer to stay afloat while trying to keep working, and don't fire people. Luckily we don't have to pay for health insurance here because we have universal care, but that also means taxes are not low (still, you get healthcare even when you lose your job). This is a time when revenues quickly moved towards zero for some businesses.
 
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I was talking about professionals buying higher priced SKUs for several users. Which could be in serious troubles because they have to decide which expenses to defer to stay afloat while trying to keep working, and don't fire people. Luckily we don't have to pay for health insurance here because we have universal care, but that also means taxes are not low (still, you get healthcare even when you lose your job). This is a time when revenues quickly moved towards zero for some businesses.
I really don’t see why that is Adobe’s problem. Business expenses are business expenses and as far as they go an Adobe subscription amounts to a tiny part of any business overhead, rent, insurance, payroll taxes etc all account for a much larger share of a businesses income than a software subscription.

I understand what you are getting at, I just think it is misplaced. Nobody is crucifying Amazon or Home DEpcot because their profits are up.
 
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snappy604

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For most people here you are talking about $7.50 a month, the price of a couple of coffees, are you seriously suggesting that is the straw that breaks the camels back? I’d put the horrific cost of health insurance hundreds of dollars a month above that, or how about a $60+ a month phone plan, or cable tv with virtually no options for $45 a month if you also buy other services you don’t want or barely work at the same rate. How about $130 a ticket for a single day at Disney, that is more than it costs for a year of the leading professional imaging software.

But Adobe are far from the only business software that is subscription based, in fact in the business arena Adobe stand out as setting their subscription fees at a very low price point.

for me its the whole licensing/rental model (more specifically in software) whether it's adobe or other companies.. dislike it on principle, not necessarily because of adobe or price etc. Mostly it comes from dealing with enterprise grade licensing schemas and often how underhanded they are (looking at you Oracle, but you're not alone).
 
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YuengLinger

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I'm saying that perhaps they should adjust their pricing to fit the economic climate.
I visited your website. Your work is outstanding. I hope that you make it through the trying months ahead and flourish again.

Personally, I see the USA headed towards anything but a kinder, gentler form of socialism. I lived under a totalitarian government, as have many of my friends and family, and we see clear signs that the USA is learning the wrong lessons from the worst players, past and present. In many cases, I can no longer see any daylight between large corporations and our government.

In the meantime, stay fit, get rest, sunshine, exercise; avoid processed foods, eat lots of greens and fresh fruit, take vitamins; cherish every moment with the important people in your life; and don't swim against a raging current, but instead navigate the white water while trying not to smash against rocks.
 
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Congratulations Adobe. At least there's one company doing well. However, there's always a however. Any chance you could make Lightroom classic suitable as a native programme for the Mac M1 and it would be great if the profiles were there for the R5.

Maybe asking too much?
They will make it M1 native as it is the future for all Macs. As to the profiles, I don’t think anything Adobe will put out will keep everybody happy. I have spent the past three months working on a profiling project and getting 90% of the way takes 5 minutes, getting 95% takes a few days, getting more is taking months and a far greater understanding of matrices and the perverse way colors are generated and measured. It turns out the more reference patches you try to match the worse the trade offs are for some other colors and reverse engineering the whole thing is far from straightforwards.
 
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