ADOBE SYSTEMS TRIPLES ANNUAL REVENUE IN 7 YEARS
Adobe posted record numbers with regards to their revenue in 2020. According to data presented by Trading Platforms, Adobe System nearly tripled its annual revenue in the last seven years, reaching $13bn in 2020. Adobe was founded in 1992 and started primarily as a provider of multimedia and creative software. Adobe first became a household name with the pioneering Adobe Flash. It is also the maker of popular image editing software, Photoshop as well as the popular portable file format PDF. Adobe has amassed more than 10 million subscribers to their Creative Cloud system to date.
In the 2020 fiscal year, Adobe posted a company record $12.87bn in revenue. This is a 15% increase from the 2019 fiscal year revenue numbers.