Adobe Systems triples annual revenue in 7 years

Net profit up 78% from 2019

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Adobe
Adobe's net income 2004-2020

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 — resilient, growing and impactful — daily, monthly — always responsive

The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are grown similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans to inspire and mobilize our editorial and advertising teams!

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– Naresh Khanna (25 October 2023)

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