Adobe's profitability amid changing market dynamicsįirst, those who still remember Adobe as offering free versions of Adobe Reader in order to read PDF files or selling Adobe Writer aimed at digitization of paper documents, are due for a refresh. My objective is to identify the reasons for the acquisition, by first providing a glimpse of the profitability run, with focus on Adobe's Creative Cloud. Then, one starts to wonder why the software giant spent about half of its quarterly revenues to acquire Workfront, a startup specializing in marketing, for 1.5 billion dollars in November, despite the latter having only raised $375 million in fundraising activities to date.
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A look at Adobe's (NASDAQ: NASDAQ: ADBE) quarterly post-pandemic sales figures not only reveals that the software company is COVID-proof, but is largely benefiting from the virus as well.
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