Adobe released its 2014 first quarter financial results last week, revealing $1 billion in revenue for the quarter and nearly 2 million Creative Cloud subscribers. Adobe gained 405,000 subscribers in the first quarter alone for a total of 1,844,000 total subscribers and growing.
Adobe’s CFO noted, “In our Creative business, reported revenue from subscriptions exceeded revenue from legacy perpetual licenses for the first time.” Those who previously spelled out doom and gloom for Adobe’s subscription model appear to be proven wrong with Adobe showing no signs of slowing down and no real competitor to Adobe’s suite of creative software for professional users on the horizon.
Adobe continues to sell its full Creative Cloud software suite for $50/mo and the Photoshop Photography Program currently remains available for $9.99/mo through March 31, 2014.
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