Company Name: Adobe Inc.
Industry: Software—Infrastructure
Sector: Technology
Description: Adobe Inc. (ADBE) is a global leader in digital media and digital marketing solutions. The company offers a range of products and services enable individuals, teams, and enterprises to create, publish, promote, and measure digital content across various platforms and devices.
Adobe's flagship product is Creative Cloud, a subscription service that provides access to its creative software applications, such as Photoshop, Illustrator, Premiere Pro, and After Effects. Adobe also offers Document Cloud, a cloud-based document service that includes Acrobat, Adobe Sign, and PDF tools; and Experience Cloud, a platform that helps businesses deliver personalized and engaging customer experiences across web, mobile, social, and other channels. Adobe's revenue is primarily derived from subscriptions, software licenses, and services.
Adobe was founded in 1982 by John Warnock and Charles Geschke, who developed PostScript, a page description language that revolutionized the printing industry. The company went public in 1986 and expanded its product portfolio to include graphics, web design, video editing, animation, and e-commerce software. In 2005, Adobe acquired Macromedia, the maker of Flash and Dreamweaver, to strengthen its position in the web development market. In 2009, Adobe launched Creative Cloud, a subscription-based model that replaced its traditional software licensing. In 2018, Adobe acquired Magento, an e-commerce platform, and Marketo, a marketing automation software, to enhance its digital experience offerings.
Adobe's products and services are widely used by creative professionals, marketers, educators, students, and consumers across various industries and geographies. Adobe has a loyal and sticky customer base, with over 90% of its revenue coming from recurring sources. The company also invests heavily in research and development, spending about 15% of its revenue on innovation. Adobe has also made strategic acquisitions to expand its product offerings, customer reach, and market share.
Adobe is a leading software company that provides digital media and digital marketing solutions to a wide range of customers. The company has a strong financial performance. Adobe has a market capitalization of about $260 billion as of January 2024, making it one of the largest software companies in the world. Adobe's stock price has increased by more than 400% in the past five years, outperforming the S&P 500 index and its peers in the software industry.
CEO: Mr. Shantanu Narayen
Website: https://www.adobe.comExchange: NASDAQ Global Select