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ADBE Adobe

Adobe is changing the world through digital experiences.

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

30 Jun 21
1 Aug 21
29 Nov 21
Quarter (USD)
Jun 21 Mar 21 Nov 20 Aug 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Nov 20 Nov 19 Nov 18 Nov 17
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 Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Jul 21 Rao Dana Common Stock Sell Dispose S No Yes 621.71 488 303.39K 14,578.51
24 Jul 21 Belsky Scott Common Stock Payment of exercise Dispose F No No 625.87 335 209.67K 26,397.754
24 Jul 21 Belsky Scott Common Stock Option exercise Aquire M No No 0 631 0 26,732.754
24 Jul 21 Belsky Scott Common Stock Payment of exercise Dispose F No No 625.87 411 257.23K 26,101.754
24 Jul 21 Belsky Scott Common Stock Option exercise Aquire M No No 0 773 0 26,512.754
24 Jul 21 Belsky Scott RSU Common Stock Option exercise Dispose M No No 0 631 0 6,306
24 Jul 21 Belsky Scott RSU Common Stock Option exercise Dispose M No No 0 773 0 4,641
24 Jul 21 Lewnes Ann Common Stock Payment of exercise Dispose F No No 625.87 268 167.73K 26,835.754
24 Jul 21 Lewnes Ann Common Stock Option exercise Aquire M No No 0 541 0 27,103.754
24 Jul 21 Lewnes Ann Common Stock Payment of exercise Dispose F No No 625.87 303 189.64K 26,562.754

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.
  • We may not realize the anticipated benefits of past or future investments or acquisitions, and integration of acquisitions may disrupt our business and management.
  • 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.
  • 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.
  • Social and ethical issues relating to the use of AI in our offerings may result in reputational harm and liability.
  • 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.
  • 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.
  • 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.
  • 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.
  • Catastrophic events may disrupt our business.
  • Climate change may have a long-term impact on our business.
  • We are subject to risks associated with compliance with laws and regulations globally, which may harm our business.
  • Increasing regulatory focus on privacy and security issues and expanding laws could impact our business models and expose us to increased liability.
  • 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.
  • 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.
  • Contracting with government entities exposes us to additional risks inherent in the government procurement process.
  • 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.
  • We may incur losses associated with currency fluctuations and may not be able to effectively hedge our exposure.
  • Revenue, margin or earnings shortfalls or the volatility of the market generally may cause the market price of our stock to decline.
  • 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.
  • Our investment portfolio may become impaired by deterioration of the financial markets.
Management Discussion
  • •Total Digital Media ARR of approximately $11.21 billion as of June 4, 2021 increased by $953 million, or 9%, from $10.26 billion as of November 27, 2020. The change in our Digital Media ARR is primarily due to new user adoption of our Creative Cloud and Document Cloud offerings.
  • •Creative revenue during the three months ended June 4, 2021 of $2.32 billion increased by $446 million, or 24%, compared to the year-ago period. Document Cloud revenue during the three months ended June 4, 2021 of $469 million increased by $109 million, or 30%, 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 $938 million during the three months ended June 4, 2021 increased by $164 million, or 21%, compared to the year-ago period. The increase was primarily due to the increase in subscription revenue across our offerings, including from our Workfront acquisition.
Content analysis
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Legalese
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Readability
H.S. sophomore Good
New words: Asia, DDOM, disproportionately, economy, estate, framework, gradually, hybrid, infection, long, mindset, mutant, precautionary, reimagined, rooted, situation, surge
Removed: depreciation, expanded, filing, largely, lease, overhead, reflecting, registered, remote, salary, slightly

Patents

APP
Utility
Machine Learning Models Applied to Interaction Data for Facilitating Modifications to Online Environments
29 Jul 21
In some embodiments, a computing system identifies a current engagement stage of a user with an online platform by applying a stage prediction model based on interaction data associated with the user.
APP
Utility
Machine Learning for Digital Image Selection Across Object Variations
29 Jul 21
Digital image selection techniques are described that employ machine learning to select a digital image of an object from a plurality of digital images of the object.
APP
Utility
Methods and Systems for Generating a Semantic Computation Graph for Understanding and Grounding Referring Expressions
29 Jul 21
Embodiments of the present invention provide systems, methods, and non-transitory computer storage media for parsing a given input referring expression into a parse structure and generating a semantic computation graph to identify semantic relationships among and between objects.
APP
Utility
Generating Descriptions of Image Relationships
29 Jul 21
In implementations of generating descriptions of image relationships, a computing device implements a description system which receives a source digital image and a target digital image.
APP
Utility
Dynamically Determining Schema Labels Using a Hybrid Neural Network Encoder
29 Jul 21
Systems, methods, and non-transitory computer-readable media are disclosed for dynamically determining schema labels for columns regardless of information availability within the columns.