December 19, 2017

Adobe’s shift to the subscription model continues to serve the company well, as indicated by the company’s record revenue for the fourth quarter of fiscal year 2017 for the period ended December 1, 2017. Along with celebrating the company’s 35th anniversary, Adobe (NASDAQ: ADBE) reported total quarterly revenue of $2.01 billion, a 25 percent increase year-over-year, including subscription revenue of $1.7 billion, a 34 percent increase year-over-year. Subscription revenue now accounts for 84.5 percent of Adobe’s total revenue, compared to 78.4 percent for the same period last year.