More and more cloud for Adobe's business

The San Jose software house has released the financial results related to the second fiscal quarter 2020 ended May 29: Adobe has gone beyond analysts' expectations regarding earnings per share, but the revenues have been lower than expected. Nonetheless, the company recorded record profits of $ 1.1 billion.

Adobe's quarterly dragged from the cloud The company 's business was driven by subscriptions to cloud services that brought a total of $ 2.87 billion in coffers. On the other hand, the proceeds from the direct sale of products, from $ 153 million to the current 128 million, show a negative balance compared to a year ago, testifying how more and more users are choosing to rely on subscription solutions. Also earnings related to services and support, down from 135 to 126 million dollars. This is the comment of Shantanu Narayen, President and CEO.

Adobe's strategy to help create content, automate critical document processes and allow businesses to interact with their customers digitally has led to breaking records in the quarter. The global shift towards "all digital" in each segment will be useful for our growth initiatives when we emerge from this crisis.



In recent months the group has celebrated 30 years of what is its most famous and well-known product, Photoshop, introducing a series of innovations designed to meet the new needs expressed by users and to make the most of the new tools available, including mobile ones. On this occasion, we dedicated an article on these pages to the 1990 version, to understand where it all began.

Source: Adobe (PDF)