Reported about 5 hours ago
Adobe has increased its fiscal 2025 revenue and profit forecasts due to robust demand for its design software and enhanced monetization of AI tools. The company, known for popular applications like Photoshop and Illustrator, is also launching an AI product called Firefly. However, it faces investor pressure for returns amid intensified competition. Adobe's revenue forecast now ranges between $23.65 billion and $23.70 billion, and adjusted earnings per share are projected between $20.80 and $20.85.
Source: YAHOO