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Adobe Inc
Adobe Inc
ADBE

Adobe Inc (ADBE)

$616.638.22%

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Key Stats

Open$657.55
Today Low/High$605.19 / $660.13
52 Week Low/High$420.78 / $699.54
P/E ratio50.88
Market Cap$313.19B

Company Details

“A pioneer of providing a digital experience to its consumers, Adobe was founded in 1982 as Adobe Systems Incorporated. This U.S.-based company offers many professional software products, including photography, graphics, animation, premium video creation, high-end printing, and e-learning solutions. From its first product, PostScript, to popular products like Adobe Photoshop, Adobe Premiere, Adobe Illustrator, Adobe Acrobat Reader, it has attracted more than 1 million followers worldwide. Its popularity can also be attributed to its acquisitions. In 1994, it acquired Aldus and its PageMaker software and bought Framework and Page Mill software developers the following year. Among its essential strategies was the introduction of the PDF format for electronic document distribution. Using its free application, Acrobat Reader, users could read and print documents on any operating system. The company is frequently developing new applications. The company began generating and distributing animations over the internet by introducing two new programs, Shockwave and Flash. In 2008, Adobe's media player was also introduced to compete with Apple's Itunes and Windows Real Player. It became so popular that it was adopted even by television networks. In addition, the company works philanthropically. Adobe Youth Voices aims to teach young people technology skills while also building connections with the community. Since its inception in 2006, it has attracted 250,000 youth and 5000 educators from 60 countries. Since businesses have shifted to remote work cultures, Adobe has seen a surge in revenues. Among its high-end clients are Yahoo, Deutsche Bank, Walmart, and even major government agencies. Its business innovations and strategies of providing solutions to changing business needs have made it an award-winning software since 1982. With its creative cloud, document cloud, and experience cloud programs transforming the digital world, all segments show strong profitability in the current dynamic environment. The company generated a record revenue of 3.94 billion dollars in the third quarter of 2021. In other words, it developed a 22% year over year growth. In addition to high revenues, Adobe also tops the list of companies with happiest employees in 2021. Currently Adobe Inc has a market cap of $313.19 Billion. It has a P.E ratio of 50.88. The shares of Adobe Inc are trading at $616.63. ” .
OrganisationAdobe Inc
HeadquatersSan Jose, California, US
Employees22.52K
IndustryTechnology Services
CEOShantanu Narayen
Company Financials
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