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Summary: Adobe Systems Inc. Aug 11 Product Image

Summary: Adobe Systems Inc. Aug 11

  • Published: August 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
The investment-grade corporate credit rating on San Jose, Calif.-based Adobe Systems Inc. reflects the company's satisfactory business position, successful track record of integrating acquired operations, and modest leverage. Its defensible market positions and adequate financial flexibility to support growth initiatives temper its niche product focus and moderate acquisition strategy. With revenues in fiscal 2010 (ended November) of about $3.8 billion, Adobe is a leading provider of Web and multimedia content and publishing software. The company has a number of market-leading products, including Adobe Acrobat, Flash Player, and Photoshop. It generates strong free cash flow in the $1 billion area and more than half of its sales come from international sources. Adobe's rating incorporates Standard & Poor's Ratings Services' expectation that...

Companies mentioned in this report are: Adobe Systems Inc.
Action: Review

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Adobe Systems Inc.

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