Adobe Systems triples annual revenue in 7 years

Net profit up 78% from 2019

January 25, 2021

520

One of the big names in the software industry, Adobe posted record numbers with regards to their revenue in 2020. According to data presented by Trading Platforms, Adobe System nearly tripled its annual revenue in the last 7 years, reaching $13 billion in 2020.

Adobe a US company with a credible name in the software industry

Adobe was founded in 1992 and started primarily as a provider of multimedia and creative software. Adobe first became a household name with the pioneering Adobe Flash. It is also the maker of popular image editing software, Photoshop as well as the popular portable file format PDF.

Fuelled by a strong research and development department, the company has also kept innovating, recently entering the cloud market with their flagship products being the Adobe Creative Cloud and Document Cloud. Considered as one of the pioneers among the more modern software providers, Adobe’s credibility allowed them to amass over 10 million subscribers to their Creative Cloud system to date.

Adobe triples revenue in seven years, net profit increased 78%

In the 2020 fiscal year, Adobe posted a company record $12.87 billion in revenue. This is a 15% increase from the 2019 fiscal year revenue numbers and over one billion dollars more. Furthermore, 2020’s record is almost triple the revenue made in 2013 which was just over $4 billion.

Even more impressive was Adobe’s net profit for the fiscal year of 2020, which was a record $5.2 billion – a staggering 78% increase from 2019.

Quarterly net income for Q4 2020 more than doubled from previous quarters

Q4 of fiscal year 2020 also posted a record high for Adobe as it recorded $2.3 billion in net income. This is a 135% increase from the previous quarter and 105% more than the previous record of $1.1 billion set in Q2 of the same year.

Research and development spending fuels Adobe’s innovation

Adobe has managed to remain a mainstay of the software industry by investing heavily in its research and development (R&D) department, allowing it to innovate whenever the industry called for it. In 2020 Adobe spent $2.19 billion on R&D compared to $863 million in 2015 – an increase of over 150%.

Packaging South Asia — authentic, impactful and influential

An English-language packaging industry B2B platform in print and web, Packaging South Asia is in its 19th year of publication. We do not make any claims about being the best or the most widely read. However, if you are interested in targeting the Indian and South Asian markets to sell equipment, technology, software, and consumables, we can help.

To improve your marketing and grow sales, talk to us. Our research and consulting company IppStar [www.ippstar.org] can assess your potential and addressable markets in light of the competition. We can discuss marketing, communication, and sales strategies for market entry and growth.

Suppliers and service providers with a strategy and budget for targeted marketing can discuss using our hybrid print, web, video, and social media channels to create brand recognition linked to market relevance. Our platform and channels are differentiated by hands-on practice and an understanding of business and financials. Our team, including some of the best technical writers, is ready to meet you and your customers for content.

India and South Asia’s fast-growing packaging industry is continuously expanding capacities with efficiency and appropriate innovative technologies. Get our 2025 media kit and recalibrate your role in this dynamic market. Enhance your visibility and relevance to existing markets and turn potential customers into conversations. Ask for a sample copy of our monthly or two weekly packaging eZines.

For editorial info@ippgroup.in — for advertisement ads1@ippgroup.in and for subscriptions subscription@ippgroup.in

Naresh Khanna – 21 January 2025

Subscribe Now