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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