Breaking News

Viltrox launches AF 56mm Ultra-large aperture F1.2 Pro E and XF (APS-C) lenses Panasonic introduces AK-UBX100 4K multi-purpose camera Sony’s 360 Virtual Mixing Environment now available in Europe ASRock Releases AM5 Motherboard BIOS Update EnGenius Brings Wi-Fi 7 to Small Businesses with Affordable ECW510 Access Point

logo

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

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

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

Viltrox launches AF 56mm Ultra-large aperture F1.2 Pro E and XF (APS-C) lenses
Cameras

Viltrox launches AF 56mm Ultra-large aperture F1.2 Pro E and XF (APS-C) lenses

Panasonic introduces AK-UBX100 4K multi-purpose camera
Enterprise & IT

Panasonic introduces AK-UBX100 4K multi-purpose camera

Sony’s 360 Virtual Mixing Environment now available in Europe
Consumer Electronics

Sony’s 360 Virtual Mixing Environment now available in Europe

ASRock Releases AM5 Motherboard BIOS Update
PC components

ASRock Releases AM5 Motherboard BIOS Update

EnGenius Brings Wi-Fi 7 to Small Businesses with Affordable ECW510 Access Point
Enterprise & IT

EnGenius Brings Wi-Fi 7 to Small Businesses with Affordable ECW510 Access Point

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

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