Comment by switchbak
10 days ago
I'm going to revel coming back to this arrogant comment in a couple years.
Seriously, you have no idea the kind of goodwill you've squandered, and the kind of resentment you've created. I expect it will bite your company squarely in the ass.
Call it arrogance or just an acknowledgement of reality:
Revenue over the last ten years
August 31, 2026 — $6.760B May 31, 2026 — $6.618B February 28, 2026 — $6.398B November 30, 2025 — $6.194B
August 31, 2025 — $5.988B May 31, 2025 — $5.873B February 28, 2025 — $5.714B November 30, 2024 — $5.606B
August 31, 2024 — $5.408B May 31, 2024 — $5.309B February 29, 2024 — $5.182B November 30, 2023 — $5.048B
August 31, 2023 — $4.890B May 31, 2023 — $4.816B February 28, 2023 — $4.655B November 30, 2022 — $4.525B
August 31, 2022 — $4.433B May 31, 2022 — $4.386B February 28, 2022 — $4.262B November 30, 2021 — $4.110B
August 31, 2021 — $3.935B May 31, 2021 — $3.835B February 28, 2021 — $3.905B November 30, 2020 — $3.424B
August 31, 2020 — $3.225B May 31, 2020 — $3.128B February 29, 2020 — $3.091B November 30, 2019 — $2.992B
August 31, 2019 — $2.834B May 31, 2019 — $2.744B February 28, 2019 — $2.601B November 30, 2018 — $2.465B
August 31, 2018 — $2.291B May 31, 2018 — $2.195B February 28, 2018 — $2.079B November 30, 2017 — ~$2.008B
August 31, 2017 — ~$1.844B May 31, 2017 — ~$1.773B February 28, 2017 — ~$1.682B November 30, 2016 — ~$1.611B
And yet... 10 straight quarters of ARR decline. CEO leaving. Market prices you like a company in decline.
Besides, you're on HN, we don't value revenue here because we're idiots. But even the market agrees. Stock down 64% from peak.
Tootsie Roll Industries heats sugar and has nearly triple your P/E.
Huh? ARR has been monotonically increasing. Maybe you mean the ARR growth rate? Yes, that has been decreasing.
I was surprised as well that an Adobe employee would make such a revealing comment.