5 Most Profitable SaaS Companies for 2023

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1. Adobe Inc. (NASDAQ:ADBE)

Trailing Twelve Months Net Income: $4.7 billion

Number of Hedge Fund Holders In Q3 2022: 93

Adobe Inc. (NASDAQ:ADBE) is one of the largest software companies in the world. Its products let customers create new content, manage customer experiences, and conduct other tasks.

Adobe Inc. (NASDAQ:ADBE)’s SaaS division includes providing customers access to creativity software to allow them to carry out web development, video editing, and graphic design. 93 of the 920 hedge funds part of Insider Monkey’s third quarter of 2022 survey had held a stake in the company.

Adobe Inc. (NASDAQ:ADBE)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 5.1 million shares that are worth $1.4 billion.

Follow Adobe Inc. (NASDAQ:ADBE)

Disclosure: None. You can also take a peek at 15 Largest Australian Companies by Revenue and 10 Best Recession Proof Stocks To Invest In.

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