ADBE

Adobe Systems Incorporated

TMT


Presented:10/29/2013
Price:$N/A
Cap:N/A
Current Price:$508.03
Cap:$223.63B

Presented

Date10/29/2013
Price$N/A
Market CapN/A
Ent ValueN/A
P/E Ratio147.75x
Book Value$13.62
Div YieldN/A
Shares O/SN/A
Ave Daily VolN/A
Short IntN/A

Current

Price$508.03
Market Cap$223.63B
Adobe Systems Incorporated operates as a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segment’s flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products. This segment serves traditional content creators, Web application developers, and digital media professionals, as well as their management in marketing departments and agencies, companies, and publishers. The Digital Marketing segment offers solutions for how digital advertising and marketing are created, managed, executed, measured, and optimized. This segment provides analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management solutions, as well as video delivery and monetization to digital marketers, advertisers, publishers, merchandisers, Web analysts, chief marketing officers, chief information officers, and chief revenue officers. The Print and Publishing segment offers products and services, such as eLearning solutions, technical document publishing, Web application development, and high-end printing, as well as publishing needs of technical and business, and original equipment manufacturers (OEMs) printing businesses. The company markets and licenses its products and services directly to enterprise customers through its sales force, as well as to end-users through app stores and through its Website at adobe.com. It also distributes certain products and services through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers, and OEMs. The company was founded in 1982 and is headquartered in San Jose, California.

Presented by: Christopher James, Managing Partner and Portfolio Manager, Partner Fund Management at The Excellence in Investing: San Francisco conference

Highlights

Mr. James believes Adobe (ADBE) has relatively quietly transformed itself into a potentially dominant cloud marketing player. Given the changes in consumer behavior that are being driven by mobile computing power, and the emergence of closed loop marketing, James expects revenue acceleration in mid-2014 and sees the potential for the company to exit 2015 with >4 million subscribers.

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