Adobe (NASDAQ: ADBE) is one of the largest and premier software-as-a-service (Saas) companies. It has a long record of solid execution, and smart acquisitions have made it a top stock to own, with Adobe outperforming the S&P 500 by about 30% over the past five years. While acquisitions aren't new for Adobe, $20 billion acquisitions are another matter.
Indications from the company's often-overlooked annual Dreamforce event reaffirm that it's still a growing business.
(Bloomberg) -- Adobe Inc. plans to add technology from its creative software portfolio to Figma without tweaking pricing or simplicity after its acquisition, seeking to ease concerns among loyal users that the deal may significantly change the design app. Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-