Reported about 8 hours ago
Adobe Inc. has forecasted robust quarterly revenue, estimating between $6.08 billion and $6.13 billion, reflecting positive outcomes from its investment in AI features. The company's stock rose by about 4% in after-hours trading, signaling investor confidence after concerns about competition and profitability. CEO Shantanu Narayen highlighted that annual recurring revenue from AI-enhanced products has exceeded $5 billion, reinforcing Adobe's position as a leader in AI creative applications.
Source: YAHOO