| Thread Tools |
20th June 2013, 06:30 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,500
| Adobe saved by subscriptions Adobe has reported a higher-than-expected profits for its Creative Cloud, which is a subscription based software model. Adobe has been shifting to its web-based subscription service Creative Cloud from a licensing model since last year and there appears to be a lot of take up. The company said it added 221,000 paid Creative Cloud subscribers in the latest quarter, taking the total to 700,000. Adobe expects to add even more Creative Cloud paid subscribers in the current quarter than in the second quarter. Adobe took a big risk when it said that upgrades for Creative Cloud, which includes Photoshop, Illustrator and Flash, would be available only through online subscriptions and abandon licences completely. While this meant lower revenue in the short term as fees are collected monthly, it does mean a better long term outlook. Adobe has predicted revenue of $975 million to $1.03 billion while Wall Street had thought the company would be lucky to make $1.01 billion. It was not all good news for Adobe. Net income fell to $76.5 million from $223.9 million a year earlier. If Adobe has not moved to the subscription model things would have been very bleak indeed. http://news.techeye.net/software/ado...-subscriptions |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
The Star Wars games have been saved | Stefan Mileschin | WebNews | 0 | 17th May 2013 08:36 |
Next Issue Media reaches Windows 8, puts subscriptions on your Surface | Stefan Mileschin | WebNews | 0 | 7th March 2013 08:34 |
Amazon stops testing monthly Prime subscriptions, leaves the results a mystery | Stefan Mileschin | WebNews | 0 | 19th November 2012 07:08 |
Renesas might be saved by Toyota and Japan | Stefan Mileschin | WebNews | 0 | 24th September 2012 08:36 |
Google brings in-app subscriptions to Android | Stefan Mileschin | WebNews | 0 | 25th May 2012 07:42 |
Webcam helped saved man from drowning | jmke | WebNews | 0 | 4th February 2010 13:49 |
BlackBerry saved | Sidney | WebNews | 4 | 4th March 2006 01:03 |
Can Burned Hard Drives Be Saved? | jmke | WebNews | 2 | 30th January 2006 23:06 |
RSS Feed Setup & Subscriptions | Sidney | WebNews | 0 | 16th April 2005 07:55 |
Saved my P4C800E-Dlx w/OCZ PLtnm3500 Limited! | Liquid3D | Hardware Overclocking and Case Modding | 14 | 23rd November 2003 00:22 |
Thread Tools | |
| |