Adobe, originally called Adobe Systems Incorporated is an American multinational computer software company. It is specialized in content, graphics, photography, illustrations, video, and audio.
Adobe provides services to create professional videos, photos, motion graphics, and audio tracks. Their platforms facilitate the licensing and downloading of the assets. The addition of assets, licenses, and searches can also be done in the Creative Cloud Libraries. The license fee is paid once, and no additional payments need to be made for using the pictures or videos. The pictures or videos made with the help of Adobe can be used for commercial, promotional, and advertising purposes.
Adobe And Their Assets
The company was founded in 1982 by John Warnock and Charles Geschke. In 2022, Adobe has 26,000 employees worldwide. Their primary development operations were in New York City, Austin, and San Francisco.
Adobe Stock includes various assets like photos, design assets like templates, vectors, and illustrations, 3D assets like 3D models, motion and audio like stock videos, motion graphics, audio, etc. They all come with commercial licenses. Separate licenses for plug-ins and integrations are also available.
The stock images are provided at the highest resolution. The images can be printed in any format without degrading the quality. Adobe Stock also provides you with AI generative images. Only, the standard license for a generative AI illustration along with the standard licensing agreement is needed.
Initially, analysts viewed the generative AI as a serious threat to Adobe’s business but more investors started to see it as a new growth for the company. In March, Adobe launched Firefly, which consists of AI tools that help to design high-quality images. It has partnered with Nvidia and the two companies will focus more on advanced generative AI models.
Quarterly Result of Adobe
In the first quarter of fiscal year 2023, it has gained revenue of $4.66 billion which shows 9% growth year over year. In the first quarter, GAAP operating income was $159 billion and non-GAAP operating income was $2.13 billion. Cash flows from operations were $1.69 billion. Adobe purchased approximately 5.0 million shares during the quarter. On a GAAP basis per share, diluted earnings were $2.71, and on a non-GAAP basis, it was $3.80. $1.25 billion was GAAP net income and $1.75 billion was non-GAAP net income.
Digital Media segment revenue was $3.40 billion. It shows a growth of 9 percent. Creative revenue is $2.76 billion. It has shown a growth of 8 percent. Document cloud revenue shows a growth of 13 percent at $634 million. Net new Digital Media Annualized Recurring Revenue (ARR) was $410 million. The creative ARR grew to $11.28 billion and document cloud ARR grew to $2.39 billion. Digital Experience segment revenue shows growth of 11 percent which was $1.18 billion. Digital subscription revenue shows 12 percent growth and was $1.04 billion
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Source: https://www.thecoinrepublic.com/2023/06/25/adobe-a-true-global-leader-with-creative-solutions/