Adobe Systems Incorporated – Company Information
Adobe Systems Incorporated – Company Overview
|Company||Adobe Systems Incorporated|
|Headquarters||345 Park Avenue, San Jose, California|
|Founder||Charles Geschke and John Warnock|
|CEO and Chairman||Shantanu Narayen|
|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 operating expenses||$3,540,920||$3,148,099|
|Income before income taxes||$1,435,138||$873,781|
|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”