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Adobe has managed to increase its annual revenue to near $6 billion, an overall rise of some 22 per cent year on year. Quarterly net income is said to be at record setting levels also, thanks to rapid growth in its digital media segment, and expansion of its Creative Cloud revenue streams.
Although Adobe software like Photoshop is something that we at KitGuru make use of every single day, it feels that more often than not we end up writing negative stories about Adobe. That's mostly the fault of Flash though, which seems to be finally dying down – but regardless of any bugs in that old web standard, Adobe is doing very well elsewhere.
Adobe saw record earnings in many aspects of its business in the last quarter and throughout this year in total. Its Marketing Cloud hit a new revenue record of $465 million, which is a near third increase over this time last year. Similarly so, the Digital Media segment of its revenue stream jumped by 33 per cent, reaching $1.08 billion for the last quarter.
Ultimately this leaves Adobe closing out the year with $2.2 billion in operating cash-flow – and it still claims to have an unbilled backlog of some $3.42 billion. Quite a nice total to collect on in the new year.
Perhaps expecting these good times to continue, Adobe also repurchased some 3.2 million shares from stock holders.
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KitGuru Says: Being aggressive with its cloud offerings as the world transitions to ever greater amounts of remote computing seems to be paying off for Adobe.
Could they spend some of that to make flash player slightly less terrible?
actually to make everything work as good as to much the price tag…
of course they did… they managed to be the industry standard, virtually eliminating competition and then forcing everybody in subscription model.
Do you know your options if you don’t want to pay about 750 euro per year? Get the old CS6 suite for about 3000 euros. At least you can keep using this till forever but it is greatly outdated.
Now someone may say those programs are for professionals, they are tools to make money. Sure, I’m one of those professionals and those tools make me money, but…
Their code is crap. And I mean so crap that the performance feels like they just add code in those programs since their first versions without bothering to do anything to make the programs work better in modern hardware. Almost every action performed in the adobe programs (at least the trio that I use the most, photoshop, illustrator and indesign) use 1 to 2 cores! I have a 6 core system idling…
There is some light in the end of the tunnel, many smaller developers have released some serious alternatives to adobe now, I have bought the affinity programs and so far I work way more efficiently than I do with adobe suite. When they release their affinity publisher I will say goodbye to adobe.
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