Adobe - Is this SaaS company going back to historical high?

They have very good software and services. Good margins. And even growing rapidly as well.

But they were a tad slow in terms of innovation.

But as other SaaS companies continue to innovate rapidly, Adobe found itself in a situation where they either have to innovate or get left out.

Things have certainly improved for this company in the last few quarters.

Here are some points to take note of

Creative Cloud contributes to 59% of Adobe's total revenue.

And with the beta release of Firefly, Adobe's pioneering family of creative generative AI models, will definitely make Adobe's suite of products better.

It has the ability to generate commercially viable and professional quality content.

It is one of the early adopters of AI as it quickly worked to incorporate AI in its offerings.

The other segment, Digital Experiences collectively contributes to the other vertical of Adobe's business. This segment grew at a rate of 11+% YoY.

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