Page 27 - Fortune-November 01, 2018

THE FUTURE 50

VIRTUAL DA VINCI
A researcher at
Adobe, the maker
24 of Photoshop,
experiments with
ADOBE an augmented
reality visor.
U.S. (ADBE, $238)

3.1
1.9 1.2 25 26 27

ADOBE’S EPIC transition to a FOSUN RED HAT PAYPAL
cloud-based, subscription INTERNATIONAL
business model continues to U.S. (RHT, $118) U.S. (PYPL, $75)
pay off, with the Photoshop- CHINA (FOSUF, $2)
maker’s stock having risen
65% in the past year. Now the 3.1 3.1 3.0
company is on to its next big 2.0 1.1 2.2 0.9 1.9 1.1
bet to satisfy Wall Street’s
appetite for growth: applying
data crunching and analytical FOSUN FOCUSES its interna- THE COMPANY that popular- PAYPAL HAS soared since its
tools to marketing. In tional investments on health, ized open-source software for spinoff from eBay in 2015. Pro-
September, Adobe said it happiness, and wealth. Within servers has long rewarded in- pelled by a wider e-commerce
would buy marketing spe- that spectrum, its interests vestors, with total shareholder boom, the payment company’s
cialist Marketo for $4.75 bil- run the gamut from a stake in returns averaging 29% annu- share price has more than dou-
lion; in June, it completed its Cirque du Soleil to full own- ally over the past three years. bled since the parting. Today
$1.68 billion acquisition of ership of an English Pre- Red Hat hit a speed bump dur- the business boasts 250 mil-
Magento Commerce, which mier League soccer club (the ing the second quarter, miss- lion customers. Features such
it plans to fold into its digi- Wolverhampton Wanderers). ing its expected revenue marks as One Touch, a tool that saves
tal analytics business. It’s a Fosun also owns package hol- and spooking the markets; the customers the hassle of reen-
multibillion-dollar plan to iday operator Club Med, an en- company attributed the decline tering information when mak-
become a giant in a fast- tity it may soon offer in an IPO to an anomaly having to do ing a purchase on a new mer-
growing, potentially lucrative listed in Hong Kong. Profits with a past change in its con- chant’s website or app, have
COUR T ESY OF ADOBE SYS T EMS tition from established tech utive year of earnings growth. and among the top 25 custom- has become synonymous with
greased the gears. The future
were up 17% in the first half of
tract model. But revenues still
field—though it’s one in
looks bright too. Its Venmo app
grew by 14% year over year,
2018, capping a sixth consec-
which it faces stiff compe-
giants like Oracle, SAP, and
ers that renewed, the average
Fosun has also committed to
millennial money-sending. It’s
literally a verb: “I’ll Venmo you.”
contract was at 115% of its
significant deleveraging, open-
fellow Future 50 member
(Go ahead and Google it.)
Salesforce.
previous value.
ing space for future expansion.
Market value: $116.1 billion
Market value: $20.7 billion
Market value: $13.9 billion
Market value: $89.3 billion
COMPANY CAPACITY SCORE MARKET POTENTIAL SCORE
X.X OVERALL SCORE 77
X.X X.X FO R T U N E. CO M // N O V. 1 . 1 8