Sarah Kunst, Managing Director and Founder of Cleo Capital, says it's getting harder to see significant growth ahead for Adobe's (ADBE) core subscription business for its creative tools after Google (GOOGL, GOOG) released its Nana Banana Pro offering. She speaks with Romaine Bostick and Katie Greifeld on "The Close."
Adobe Inc. specializes in the development of software for content design, publication and visual distribution. Net sales break down by product family as follows:
- digital media software (74.3%): primarily creation, illustration, viewing, conversion and digital contents broadcasting;
- online marketing and business process management software (24.7%): web publishing, information security, business resources planning, document production management, application automation software, etc.;
- other (1%): software for high-definition printing, online training, etc.
Net sales break down by source of income between sales of subscriptions (96.4%), sales of services (2.3%; consulting, training, maintenance and technical support services) and sales of products (1.3%).
Net sales are distributed geographically as follows: the United States (52.7%), Americas (6.7%), Europe/Middle East/Africa (26.5%) and Asia/Pacific (14.1%).
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