Tuesday, September 20, 2016

Adobe's Record Revenue Driven by Cloud Services

Adobe reported record quarterly revenue of $1.46 billion, representing year-over-year growth of 20 percent.

Digital Media segment revenue was a record $990 million, with Creative revenue growing 39 percent year-over-year to a record $803 million. The company cited strong growth in its Creative Cloud and Document Cloud offerings, as more customers adopt a cloud-based software over traditional desktop software.

“We drove strong revenue and earnings performance in Q3, further distancing ourselves from our competitors,” said Shantanu Narayen, Adobe president and chief executive officer. “Our leadership in cloud-based content and data platforms make us a mission critical partner to the world's biggest brands as they transform how they engage with their customers.”

http://www.adobe.com

1 comments:

I really don't know anyone who doen't use Adobe products. This is one of the famous companies for any business where computer is presented. But it is not for free so corporate clients have to buy license. Sometimes it isexpensive for small businesses and they have to return to the payday loans lenders in other way they have to pay fines for using Adobe without license.

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