Briefing

Adobe Forecasts 10% Sales Growth, Releases Firefly More Widely

By
Kalley Huang
· · Source: Kalley Huang

Adobe reported revenue of nearly $4.9 billion in the three months ended September 1, up 10% from a year earlier and consistent with the growth it reported in the prior quarter. Revenue was boosted by sales of its cloud-based design tools, which it has updated with generative artificial intelligence. Adobe’s sales slightly exceeded the company’s own forecast. Still, its share price ticked...

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