Breaking News

Greenliant heads to electronica 2026 with its full industrial SSD lineup CORSAIR Brings Comfort in Full Bloom with Dark Cherry Blossom TC500 and TC100 RELAXED Gaming Chairs ASUS Republic of Gamers Announces Availability of ROG Swift OLED PG259QWS Ace and Strix OLED XG259QWPG Ace ASUS Announces TUF Gaming Radeon RX 9070 XT Onimusha Special Edition ASUS Republic of Gamers Announces ROG XG Station 3

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

Adobe Reports Record Profit

Adobe Reports Record Profit

Enterprise & IT Sep 14,2018 0

Adobe Systems Inc. gave a high sales forecast, signaling that strong demand for its creative products continues to drive growth.

Revenue in the current quarter will be about $2.42 billion, and profit, excluding some costs, may reach $1.87 a share, the company said Thursday.

Under the lead of Chief Executive Officer Shantanu Narayen, Adobe is
doubling down in its core creative software and is also bolstering a suite of business offerings.

While the company goes toe-to-toe with Salesforce.com Inc. in marketing and e-commerce technology, the digital media products continue to grow at a faster clip.

Adobe's creative and digital media segment represents the majority of its revenue. The company projected sales from the unit will increase about 22 percent from a year earlier in the current period. Division sales grew almost 29 percent in the fiscal fourth quarter of 2017.

Revenue from the segment climbed 27 percent to $1.61 billion in the period ended Aug. 31. The company has launched more mobile apps to boost its appeal among hobbyists. The software maker has also pursued a strategy to make its traditional apps available on mobile devices, starting with Photoshop next year.

Total revenue increased 24 percent to $2.29 billion in the fiscal third quarter. Profit, excluding some items, was $1.73 a share.

Sales from the company's experience cloud unit, which includes marketing, data and e-commerce programs, increased 21 percent to $614 million. The division got a boost from Adobe's acquisition of Magento Inc. in June, which is supposed to match rivbal's Salesforce's software that helps manage online commerce.

Tags: Adobe
Previous Post
Samsung Galaxy Event Set for October 11th
Next Post
Panasonic Visualizes Movement of the Lithium Ions in Next-Generation Batteries, Paving the Way For Commercialization

Related Posts

  • Pixar, Adobe, Apple, Autodesk, and NVIDIA Form Alliance for OpenUSD to Drive Open Standards for 3D Content

  • Adobe MAX Kicks Off With New RTX-Accelerated Adobe Lightroom Features, NVIDIA Studio Session and More

  • Top 3 Graphic Designing Software of 2021

  • Adobe and ServiceNow Announce Global Integration

  • Adobe's Photoshop Gets More Content-Aware Fill, Lens Blur, Type, Selections and More

  • Adobe Brings Experience Manager to the Cloud

  • Adobe Surpasses $11 Billion in Annual Revenue

  • Adobe MAX 2019: Photoshop on iPad, Fresco on Windows, Adobe Aero, Adobe Illustrator on iPad and Photoshop Camera Previews

Latest News

Greenliant heads to electronica 2026 with its full industrial SSD lineup
Enterprise & IT

Greenliant heads to electronica 2026 with its full industrial SSD lineup

CORSAIR Brings Comfort in Full Bloom with Dark Cherry Blossom TC500 and TC100 RELAXED Gaming Chairs
Cameras

CORSAIR Brings Comfort in Full Bloom with Dark Cherry Blossom TC500 and TC100 RELAXED Gaming Chairs

ASUS Republic of Gamers Announces Availability of ROG Swift OLED PG259QWS Ace and Strix OLED XG259QWPG Ace
Gaming

ASUS Republic of Gamers Announces Availability of ROG Swift OLED PG259QWS Ace and Strix OLED XG259QWPG Ace

ASUS Announces TUF Gaming Radeon RX 9070 XT Onimusha Special Edition
GPUs

ASUS Announces TUF Gaming Radeon RX 9070 XT Onimusha Special Edition

ASUS Republic of Gamers Announces ROG XG Station 3
GPUs

ASUS Republic of Gamers Announces ROG XG Station 3

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

SoundPeats Cove Pro

SoundPeats Cove Pro

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

Akaso Brave 8 Lite

Akaso Brave 8 Lite

SoundPeats C30

SoundPeats C30

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

be quiet! Dark Perk Mice

be quiet! Dark Perk Mice

XbotGo Chamaleon

XbotGo Chamaleon

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed