This is my fourth post in the past 12 months about Adobe reporting record revenue (this time it’s for their Q2/2018 that just ended). While I am very happy when a company is successful, I would like to remind you that Adobe recently increased the price of some Creative Cloud plans in North America and […]
Just a day after Adobe announced a price increase for some Creative Cloud plans in North America, the company announced another record revenue just like they did last year (see this and this posts):
Adobe reported record revenue for its third quarter for the 2017 fiscal year that ended on September 1, 2017 (see also the previous report from June 2017). Here are the financial highlights:
Adobe started significantly increasing their profit back in 2015 when they began switching customers to the Adobe Creative Cloud subscription. Adobe just reported that their Creative revenue hit a new record and exceeded $1 billion in Q2 (back in December 2016 Adobe also reported record revenue and net income):
Today Adobe reported record revenue for their Q1/FY2016. This is probably the results of switching customers to Creative Cloud (see this post from December last year). Here are the details:
Adobe is making huge profit by switching customers to their cloud subscription. Theregister.co.uk says it all with the title – “Adobe: We locked our customers in the cloud and out poured money”:
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