Reported 8 months ago
In the wave of AI-driven innovation, creative and marketing software company Adobe announced better-than-expected quarterly results on Thursday, with revenue reaching $5.31 billion, a 10% year-on-year increase. Following an upward adjustment of its fiscal year forecast until November, Adobe's stock price surged by 15% in Friday's trading session. Adobe, known for tools like Photoshop, Illustrator, and InDesign, is incorporating AI features into its software products, attracting more Creative Cloud subscribers to upgrade their plans for features like the AI painting generator Firefly. CEO Shantanu Narayen emphasized the company's differentiation through AI and innovation, attracting a broader customer base and providing more value to existing customers.
Source: YAHOO