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This US$300 billion SaaS Giant Just Entered the Payment Industry
By The Smart Investor  •  September 23, 2021
Founded in 1982, Adobe Inc (NASDAQ: ADBE) made its name from the creation of the portable document format, or PDF. PDF is nearly ubiquitous for those who access and read computer documents. Just like the popularity of the document format, Adobe has also grown leaps and bounds to become a behemoth in the software industry, offering a vast array of applications and services. Adobe is now a US$300 billion company. Despite its size, Adobe continues to post impressive growth figures. In its most recent quarterly report, Adobe reported revenues of US$3.8 billion, posting a year on year growth of 23%. Multiple products The company’s three core product lines are Creative Cloud, Document Cloud and Experience Cloud. Creative Cloud consists of desktop and mobile apps that focus on creativity and design, including Photoshop, Illustrator, and Premiere Pro. Document Cloud makes it easy for people and businesses to create, edit, share, scan and sign digital documents....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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