adobe
Adobe is a multinational software company best known for its creative and digital media products. Founded in 1982 by John Warnock and Charles Geschke, Adobe originally focused on desktop publishing and revolutionized the industry with its PostScript technology. Over time, it expanded into a broad suite of tools that support graphic design, video editing, photography, and web development. Flagship products like Photoshop, Illustrator, Premiere Pro, and Acrobat have become industry standards, widely used by professionals and hobbyists alike.
In recent years, Adobe has transitioned from a traditional software licensing model to a cloud-based subscription service known as Adobe Creative Cloud. This shift has allowed users to access software updates more frequently and collaborate more easily across devices. Beyond creative tools, Adobe has also built a strong presence in digital marketing and analytics through its Adobe Experience Cloud, offering businesses solutions for customer data management, advertising, and personalized content delivery.
Adobe continues to play a significant role in shaping the digital economy by enabling creativity, communication, and digital transformation. Its innovations in artificial intelligence, such as Adobe Sensei, enhance automation and streamline workflows across its platforms. As content creation and digital experiences become increasingly important across industries, Adobe remains a key player, continually adapting its technologies to meet evolving user needs.
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ADOBE SYSTEMS $44.90 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 495.1 million; Market cap: $22.2 billion; No dividends paid) reports that its earnings excluding one-time items fell 37.5% in its fiscal 2013 first quarter, which ended March 1, 2013, to $177.9 million, or $0.35 a share. A year earlier, it earned $284.5 million, or $0.57 a share. Revenue declined 3.6%, to $1.01 billion from $1.05 billion.
Adobe is doing a good job of selling its Creative Cloud package of photo-editing and desktoppublishing programs as a subscription service instead of a one-time purchase. The company added 153,000 Creative Cloud subscribers during the quarter, to bring its total to 479,000.
As a result, its subscription revenue jumped 53.4% from a year earlier and now accounts for 22% of its overall revenue. Adobe still gets 67% of its revenue from direct software sales. Services and support supply the remaining 11%.
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Adobe is doing a good job of selling its Creative Cloud package of photo-editing and desktoppublishing programs as a subscription service instead of a one-time purchase. The company added 153,000 Creative Cloud subscribers during the quarter, to bring its total to 479,000.
As a result, its subscription revenue jumped 53.4% from a year earlier and now accounts for 22% of its overall revenue. Adobe still gets 67% of its revenue from direct software sales. Services and support supply the remaining 11%.
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FEDEX CORP., $98.48, New York symbol FDX, reported lower-than-expected earnings this week. That’s because many of its customers are shipping their goods using slower but cheaper forms of transportation, such as trucks and ships, instead of FedEx’s more expensive overnight international air service. In its 2013 third quarter, which ended February 28, 2013, FedEx’s earnings per share fell 20.6%, to $1.23 from $1.55 a year earlier. These figures exclude several unusual items, such as the cost of replacing older planes with more efficient models and job cuts through voluntary buyouts. On that basis, the latest earnings missed the consensus estimate of $1.38 a share. However, revenue rose 3.7%, to $11.0 billion from $10.6 billion. The company now expects to earn $6.00 to $6.20 a share for all of fiscal 2013, down from its earlier prediction of $6.20 to $6.60. The stock trades at 16.1 times the midpoint of the lower range. That’s a reasonable p/e ratio, particularly because FedEx’s cost-cutting plan will put it in a strong position to increase its profits as the global economy recovers....
ALIMENTATION COUCHE-TARD, $53.63, symbol ATD.B on Toronto, reported sharply higher sales and earnings in its latest quarter. The company is the largest convenience store operator in Canada, with over 2,000 outlets. It also has nearly 3,700 U.S. stores. The Canadian stores operate under the Couche-Tard and Mac’s banners, while the U.S. stores mainly use the Circle K brand. In the three months ended February 3, 2013, Couche-Tard’s sales jumped 75.2%, to $11.6 billion from $6.6 billion a year earlier. The gain mostly came from Norway’s Statoil Fuel & Retail ASA, which Couche-Tard bought for $2.7 billion in June 2012 (all figures except share price in U.S. dollars). The company also benefited from higher fuel prices and merchandise sales. Couche-Tard gets about 30% of its revenue by selling merchandise....
FAIR ISAAC CORP. $45.42 (New York symbol FICO; TSINetwork Rating: Average) (415-472-2211; www.fairisaac.com; Shares outstanding: 35.5 million; Market cap: $1.6 billion; Dividend yield: 0.2%) makes FICO Scores, the computer program that dominates the market for software that businesses use to evaluate customer creditworthiness....
ADOBE SYSTEMS $41.59 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 498.8 million; Market cap: $20.8 billion; No dividends paid) makes software that lets computer users create, edit and share documents in the popular PDF format. As well, graphic designers use its software to create print publications and web pages.
Excluding one-time items, Adobe’s earnings fell 7.4% in the three months ended November 30, 2012, to $307.9 million from $332.6 million a year earlier. Earnings per share declined 9.0%, to $0.61 from $0.67, on more shares outstanding.
Revenue was flat at $1.15 billion, although it did exceed the consensus estimate of $1.1 billion. The company continues to spend over 17% of its revenue on research.
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Excluding one-time items, Adobe’s earnings fell 7.4% in the three months ended November 30, 2012, to $307.9 million from $332.6 million a year earlier. Earnings per share declined 9.0%, to $0.61 from $0.67, on more shares outstanding.
Revenue was flat at $1.15 billion, although it did exceed the consensus estimate of $1.1 billion. The company continues to spend over 17% of its revenue on research.
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These two software makers continue to spend heavily on research. That hurts their earnings, but it helps them compete in their rapidly changing industry. Right now, we prefer Symantec for new buying.
ADOBE SYSTEMS INC. $39 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 498.8 million; Market cap: $19.5 billion; Price-to-sales ratio: 4.4; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $307.9 million in the fourth quarter of its 2012 fiscal year, which ended November 30, 2012....
ADOBE SYSTEMS INC. $39 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 498.8 million; Market cap: $19.5 billion; Price-to-sales ratio: 4.4; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $307.9 million in the fourth quarter of its 2012 fiscal year, which ended November 30, 2012....
ADOBE SYSTEMS INC. $39 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 498.8 million; Market cap: $19.5 billion; Price-to-sales ratio: 4.4; No dividends paid since June 2005; TSINetwork Rating: Average; www.adobe.com) earned $307.9 million in the fourth quarter of its 2012 fiscal year, which ended November 30, 2012. That’s down 7.4% from $332.6 million a year earlier. Earnings per share fell 9.0%, to $0.61 from $0.67, on more shares outstanding. Revenue was flat at $1.15 billion. Adobe continues to spend a high 17% of its revenue on research.
Adobe is doing a good job of selling its Creative Cloud package of photo-editing and desktop-publishing programs as a subscription service instead of a one-time purchase. It sold 10,000 Creative Cloud subscriptions a week in the fourth quarter, up from 8,000 in the third quarter. As a result, subscription revenue jumped 51.5% from a year earlier and now accounts for 17% of Adobe’s total revenue. The company still gets 74% of its revenue from direct sales of software. Services and support supply the remaining 9%.
Moving to a subscription model will slow Adobe’s short-term revenue and earnings growth, but it should give the company steadier revenue streams.
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Adobe is doing a good job of selling its Creative Cloud package of photo-editing and desktop-publishing programs as a subscription service instead of a one-time purchase. It sold 10,000 Creative Cloud subscriptions a week in the fourth quarter, up from 8,000 in the third quarter. As a result, subscription revenue jumped 51.5% from a year earlier and now accounts for 17% of Adobe’s total revenue. The company still gets 74% of its revenue from direct sales of software. Services and support supply the remaining 9%.
Moving to a subscription model will slow Adobe’s short-term revenue and earnings growth, but it should give the company steadier revenue streams.
...
ADOBE SYSTEMS $37.88 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536- 6000; www.adobe.com; Shares outstanding: 495.1 million; Market cap: $18.8 billion; No dividends paid) reports that in the fourth quarter of its 2012 fiscal year, which ended November 30, 2012, its earnings fell 7.4%, to $307.9 million from $332.6 million a year earlier.
Before one-time items, earnings per share declined 9.0%, to $0.61 from $0.67, on more shares outstanding....
Before one-time items, earnings per share declined 9.0%, to $0.61 from $0.67, on more shares outstanding....
AMAZON.COM $268.93 (Nasdaq symbol AMZN; TSINetwork Rating: Extra Risk) (206-266-1000; www.amazon.com; Shares outstanding: 453.0 million; Market cap: $121.8 billion; No dividends paid) and ADOBE SYSTEMS $37.88 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 495.1 million; Market cap: $18.8 billion; No dividends paid) are part of a 12-company consortium that is buying bankrupt Eastman Kodak’s 1,100 digital-imaging patents for $525 million U.S.
Other members of the consortium include Apple, Google, Samsung, Research in Motion, Microsoft, China’s Huawei, Facebook and Fujifilm.
Under the deal, each of the 12 companies in the consortium will pay a portion of the total cost and then have access to all the patents.
Patents are increasingly important to technology firms like Amazon.com and Adobe because they let them protect their market shares from rivals....
Other members of the consortium include Apple, Google, Samsung, Research in Motion, Microsoft, China’s Huawei, Facebook and Fujifilm.
Under the deal, each of the 12 companies in the consortium will pay a portion of the total cost and then have access to all the patents.
Patents are increasingly important to technology firms like Amazon.com and Adobe because they let them protect their market shares from rivals....
AMAZON.COM $268.93 (Nasdaq symbol AMZN; TSINetwork Rating: Extra Risk) (206-266-1000; www.amazon.com; Shares outstanding: 453.0 million; Market cap: $121.8 billion; No dividends paid) and ADOBE SYSTEMS $37.88 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 495.1 million; Market cap: $18.8 billion; No dividends paid) are part of a 12-company consortium that is buying bankrupt Eastman Kodak’s 1,100 digital-imaging patents for $525 million U.S.
Other members of the consortium include Apple, Google, Samsung, Research in Motion, Microsoft, China’s Huawei, Facebook and Fujifilm.
Under the deal, each of the 12 companies in the consortium will pay a portion of the total cost and then have access to all the patents.
...
Other members of the consortium include Apple, Google, Samsung, Research in Motion, Microsoft, China’s Huawei, Facebook and Fujifilm.
Under the deal, each of the 12 companies in the consortium will pay a portion of the total cost and then have access to all the patents.
...