Rare is the 35-year-old tech company that can go head-to-head with the startups. But software purveyor Adobe Systems has seen its stock more than quadruple in the past five years alone. That’s thanks in part to its prescient 2012 transition to cloud-based delivery, which meant selling software via online subscription (rather than a box with a CD in it). That wasn’t the company’s first self-disruption—it invented the PDF in 1993 after it had already sold several successful design programs—and it may not be its last. Adobe is now channeling its immense scale and data troves into artificial intelligence applications. Soon you’ll be Photoshopping vacation photos via voice command.
San Jose, Calif.
|Revenues ($M) (Past 12 Months)||$6,903|
|Profits ($M) (Past 12 Months)||$1,592|
|Market Value as of Oct. 9, 2017 ($M)||$74,681|