That push to go digital translated into a burst of growth for Adobe s digital experience business, which includes the Experience Platform. In the first quarter of 2021, subscription revenue for that business unit grew 27% from a year prior, clocking in at $812 million. Meanwhile, Adobe s stock price has risen about 50% over the last year, giving it a market cap of some $242 billion.
That growth is exemplified in several new customers deals Adobe signed during the pandemic. On Friday, Adobe revealed for the first time that its customer list expanded over the last year to include names like ServiceNow, BJ s Wholesale Club, Panera Bread, EY, and TSB Bank. It also shared many longer term customers that it had not previously shared, including companies like Coca-Cola, Home Depot, and Hilton.
Quien no tiene estrategia digital, no tiene estrategia
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After 60% Stock Pop, How Adobe Will Sustain Its 20% Growth
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