11 Best Publicly Traded Cloud Computing Companies

Page 5 of 12

8. Adobe Systems Incorporated (NASDAQ:ADBE)

After having established itself as a leading provider of creative software, Adobe Systems Incorporated (NASDAQ:ADBE) announced its transition to cloud services in 2011. The transition meant that the company would offer its software on a subscription-based model (similar to Office365). Over six years later, it looks like the company made the right move. In the first quarter, Adobe generated 82% of its revenue from subscription fees for its Creative Cloud, Adobe Marketing Cloud, and Document Cloud Services. At the end of March, there were 54 funds holding shares of Adobe Systems Incorporated (NASDAQ:ADBE), unchanged from the end of the previous quarter.

Follow Adobe Inc. (NASDAQ:ADBE)

Page 5 of 12