Breaking News

ZOTAC GAMING Launches GeForce RTX 5080 SOLID CORE OC 20th Anniversary Edition Google Unveils Pixel 11 Series, Pixel 11 Pro Fold, Pixel Watch 5, and Pixel Tag Insta360 Expands Its Content Creation Ecosystem with Flagship X6 8K 360 Camera and Next-Generation Audio Solutions Razer Unveils the Artisan Keycap – Triple-Headed Snake Edition Razer Unveils the Naga V3 Pro

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

ZOTAC GAMING Launches GeForce RTX 5080 SOLID CORE OC 20th Anniversary Edition
GPUs

ZOTAC GAMING Launches GeForce RTX 5080 SOLID CORE OC 20th Anniversary Edition

Google Unveils Pixel 11 Series, Pixel 11 Pro Fold, Pixel Watch 5, and Pixel Tag
Smartphones

Google Unveils Pixel 11 Series, Pixel 11 Pro Fold, Pixel Watch 5, and Pixel Tag

Insta360 Expands Its Content Creation Ecosystem with Flagship X6 8K 360 Camera and Next-Generation Audio Solutions
Cameras

Insta360 Expands Its Content Creation Ecosystem with Flagship X6 8K 360 Camera and Next-Generation Audio Solutions

Razer Unveils the Artisan Keycap – Triple-Headed Snake Edition
Gaming

Razer Unveils the Artisan Keycap – Triple-Headed Snake Edition

Razer Unveils the Naga V3 Pro
Gaming

Razer Unveils the Naga V3 Pro

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

SoundPeats Cove Pro

SoundPeats Cove Pro

Akaso Brave 8 Lite

Akaso Brave 8 Lite

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

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