Adobe Projects Strong Profit, Signaling It s Part of AI Boom bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Adobe Inc. provided a sales outlook that met analysts’ expectations, but disappointed investors who expected demand for the company’s artificial intelligence tools would boost revenue.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsTrudeau’s Murder Claim Risks Upending US Courtship of IndiaSales will be $4.98 billio
Adobe Offers Tepid Sales Outlook Despite Growing AI Optimism bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Adobe Inc. raised its full-year revenue and profit outlooks on optimism that generative AI features will spur demand for its software. The shares rose in extended trading.
By Denny Jacob Adobe forecast further growth in the current quarter and outlined its fiscal year targets. The software maker guided for revenue in the range of $4.83 billion and $4.87. | June 15, 2023