Sunday December 13, 2015

Adobe Sees Record Revenue After Switch To Cloud Subscriptions

Any designers or photographers care to comment on Adobe's new business model? I hated the idea but eventually bit on their Photoshop and Lightroom subscription combo, which seemed like a decent enough deal.

آ…the company added $350 Million in recurring revenue in the fourth quarter alone. Adobe reports that this growth was driven by increasing enterprise adoption and the addition of 833,000 new individual and team Creative Cloud subscriptions. All of this paints a picture of a company that has made a successful transition to a subscription model. While many companies struggle to change themselves, Adobe executed a clear plan well before its back was up against the wall.