With a $220.27 billion market cap, Adobe Inc. (ADBE) in San Jose, Calif., is a leading diversified software company. It operates in three segments: Digital Media; Digital Experience; and Publishing and Advertising. The company has an ISS QualityScore of 3, indicating relatively low governance risk.
For its fiscal 2022 first quarter, ended March 4, ADBE’s revenues increased 9% year-over-year to a record $4.26 billion. This can be attributed to a 17% rise in its Document Cloud revenues, a 13% rise in its Digital Experience segment revenues, and a 7% rise in its Creative revenues. Its Operating income came in at $1.58 billion, up 8.7% from the same period last year. In addition, ADBE’s net income and EPS rose marginally year-over-year to $1.27 billion and $2.68, respectively.
