Company profile

Ticker
ADBE
Exchange
Website
CEO
Shantanu Narayen
Employees
Incorporated
Location
Fiscal year end
Former names
ADOBE SYSTEMS INC
SEC CIK
IRS number
770019522

ADBE stock data

(
)

Calendar

23 Sep 20
27 Sep 20
29 Nov 20

News

Quarter (USD) Aug 20 May 20 Feb 20 Aug 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Nov 19 Nov 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Adobe earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
15 Sep 20 Belsky Scott Common Stock Sell Dispose S Yes 492.02 600 295.21K 10,853
8 Sep 20 Chen Gloria Common Stock Sell Dispose S Yes 472.12 497 234.64K 7,365
1 Sep 20 Lewnes Ann Common Stock Sell Dispose S Yes 519.7411 5,000 2.6M 35,257
24 Aug 20 Lamkin Bryan Common Stock Sell Dispose S Yes 478.7518 2,992 1.43M 73,211
24 Aug 20 Lamkin Bryan Common Stock Sell Dispose S Yes 477.8918 4,800 2.29M 76,203
24 Aug 20 Lamkin Bryan Common Stock Sell Dispose S Yes 476.5266 1,930 919.7K 81,003
24 Aug 20 Lamkin Bryan Common Stock Sell Dispose S Yes 475.2899 1,841 875.01K 82,933
24 Aug 20 Lamkin Bryan Common Stock Sell Dispose S Yes 474.694 1,532 727.23K 84,774
17 Aug 20 Belsky Scott Common Stock Sell Dispose S Yes 450.31 600 270.19K 11,453

Financial report summary

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Risks
  • The effects of the COVID-19 pandemic have materially affected how we and our customers are operating our businesses, and the duration and extent to which this will impact our future results of operations and overall financial performance remains uncertain.
  • Our competitive position and results of operations could be harmed if we do not compete effectively.
  • If we cannot continue to develop, acquire, market and offer new products and services or enhancements to existing products and services that meet customer requirements, our operating results could suffer.
  • Introduction of new technology could harm our business and results of operations.
  • Security breaches in data centers we manage, or third parties manage on our behalf, may compromise the confidentiality, integrity or availability of employee and customer data, which could expose us to liability and adversely affect our reputation and business.
  • We rely on data centers managed both by Adobe and third parties to host and deliver our services, as well as access, collect, process, use, transmit and store data, and any interruptions or delays in these hosted services, or failures in data collection or transmission, could expose us to liability and harm our business and reputation.
  • Increasing regulatory focus on privacy and security issues and expanding laws could impact our business models and expose us to increased liability.
  • Security vulnerabilities in our products and systems, or in our supply chain, could lead to reduced revenue or to liability claims.
  • Some of our enterprise offerings have extended and complex sales cycles, which can make our sales cycles unpredictable.
  • If our customers fail to renew subscriptions in accordance with our expectations, our future revenue and operating results could suffer.
  • We face various risks associated with our operating as a multinational corporation.
  • Our business could be harmed if we fail to effectively manage critical strategic third-party business relationships.
  • We may not realize the anticipated benefits of past or future investments or acquisitions, and integration of acquisitions may disrupt our business and management.
  • We are subject to risks associated with compliance with laws and regulations globally, which may harm our business.
  • Uncertainty about current and future economic conditions and other adverse changes in general political conditions in any of the major countries in which we do business could adversely affect our operating results.
  • Subscription offerings could create risks related to the timing of revenue recognition.
  • Changes in accounting principles, or interpretations thereof, could have a significant impact on our financial position and results of operations.
  • Changes in tax rules and regulations, or interpretations thereof, may adversely affect our effective tax rates.
  • If our products or platforms are used to create or disseminate objectionable content, particularly misleading content intended to manipulate public opinion, our brand reputation may be damaged, and our business and financial results may be harmed.
  • The success of some of our product and service offerings depends on our ability to continue to attract and retain customers of and contributors to our online marketplaces for creative content.
  • Our intellectual property portfolio is a valuable asset and we may not be able to protect our intellectual property rights, including our source code, from infringement or unauthorized copying, use or disclosure.
  • We may incur substantial costs defending against third parties alleging that we infringe their proprietary rights.
  • We may incur losses associated with currency fluctuations and may not be able to effectively hedge our exposure.
  • Failure of our third-party customer service and technical support providers to adequately address customers’ requests could harm our business and adversely affect our financial results.
  • Revenue, margin or earnings shortfalls or the volatility of the market generally may cause the market price of our stock to decline.
  • Contracting with government entities exposes us to additional risks inherent in the government procurement process.
  • If we are unable to recruit and retain key personnel, our business may be harmed.
  • Failure to manage our sales, partner and distribution channels effectively could result in a loss of revenue and harm to our business.
  • If our goodwill or amortizable intangible assets become impaired, then we could be required to record a significant charge to earnings.
  • We have issued $4.15 billion of notes in debt offerings and may incur other debt in the future, which may adversely affect our financial condition and future financial results.
  • Catastrophic events may disrupt our business.
  • Climate change may have a long-term impact on our business.
  • Our investment portfolio may become impaired by deterioration of the financial markets.
Management Discussion
  • •Total Digital Media ARR of approximately $9.63 billion as of August 28, 2020 increased by $1.30 billion, or 16%, from $8.33 billion as of November 29, 2019. The change in our Digital Media ARR is primarily due to new user adoption of our Creative Cloud and Adobe Document Cloud offerings.
  • •Creative revenue during the three months ended August 28, 2020 of $1.96 billion increased by $307 million, or 19%, compared to the year-ago period. Document Cloud revenue during the three months ended August 28, 2020 of $375 million increased by $68 million, or 22%, compared to the year-ago period. The increases were primarily due to the increase in subscription revenue associated with our Creative Cloud and Document Cloud offerings.
  • •Digital Experience revenue of $838 million during the three months ended August 28, 2020 increased slightly by $17 million, or 2%, compared to the year-ago period. The increase was primarily due to the increase in subscription revenue across our offerings, offset in part by decreases in revenue associated with our transaction-driven Advertising Cloud offerings which we began to discontinue during the second quarter of fiscal 2020.
Content analysis ?
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New words: Brazil, ETLA, FSB, hospitality, judicial, reversed, SASB, slight, TCFD, wind
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