Adobe Systems Incorporated – Company Information

Adobe Systems Incorporated – Company Overview

Company Adobe Systems Incorporated
Headquarters 345 Park Avenue, San Jose, California
Industry Computer Software
Type Public company
Founder Charles Geschke and John Warnock
Founded 1982
CEO and Chairman Shantanu Narayen
Employees 15,706 (2016)
NASDAQ stock symbol ADBE
Revenue $5,854.430 million USD (2016)
Net income $1,168.782 million USD (2016)

Adobe Systems Incorporated is a multinational computer software company based in San Jose, California, USA.

The company was founded by two former Xerox PARC employees, John Warnock and Charles Geschke, in 1982.

The two men created Adobe to develop the PostScript page description language. The company went onto to develop consumer software with its iconic vector-based drawing program “Adobe Illustrator”.

It wasn’t until 1993 that the company introduced the revolutionary file format “PDF”, the Portable Document Format, and its Adobe Acrobat and Reader software.

Adobe went public on August 20, 1986, at a split-adjusted share price of US$.17. Its stock is traded on the NASDAQ Stock Market under the symbol ADBE.

According to the company, over 90% of the world’s creative professionals use Photoshop and more than 5,000 of the world’s top brands rely on Adobe digital marketing solutions.

Adobe Systems Incorporated – Financial Results

Key figures (in $ thousands) 2016*1 2015*2
Total revenue $5,854,430 $4,795,511
Gross profit $5,034,522 $4,051,194
Total operating expenses $3,540,920 $3,148,099
Operating income $1,493,602 $903,095
Income before income taxes $1,435,138 $873,781
Net income $1,168,782 $629,551
Total assets $12,707,114 $11,726,472
Total stockholders’ equity $7,424,835 $7,001,580
Cash and cash equivalents at beginning of year $876,560 $1,117,400
Cash and cash equivalents at end of year $1,011,315 $876,560

*1 December 2, 2016

*2 November 27, 2015

Source: “Adobe Systems Incorporated Form 10-K 2016”

Adobe Systems Incorporated – Live Stock Market Data

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