Announcements‎ > ‎

ADBE profit up 120%!

posted Dec 29, 2013, 5:24 PM by Mohit Kumar
Happy holidays to all of you! As we come closer to the end of yet another successful quarter, it may be worth taking a peek at one of our recommendations which started with a loss, remained flat for a while and now is up 120%!

ADBE's cloud innovations helped it drive a strong Q4. The company is transitioning to a recurring revenue based business model offering subscription based cloud services from just a software provider. Although the company took a short term profit hit as it invests in this transition, it managed a nearly 40% growth in cloud subscriptions! We continue to like ADBE and relish the returns gained thus far!

Q4 enrollment will open shortly for a limited time, stay tuned!

Keep Buzzing!