Investors, who have been looking for more convincing evidence that Adobe Inc. can prosper in the age of artificial intelligence, were unimpressed despite the company's optimistic annual projection.
According to a statement released by the corporation on Wednesday, revenue for the fiscal year ending in November 2026 will be between $25.9 billion and $26.1 billion. Some analysts had projected revenues of above $26.4 billion, but the midpoint of that range exceeded the average projection.
According to Chief Executive Officer Shantanu Narayen, Adobe's performance for the most recent fiscal year exceeded forecasts, demonstrating the company's "growing importance in the global AI ecosystem and the rapid adoption of our AI-driven tools."
Also Read: Indians fiercely consumed live entertainment

CNBC-TV18

Reuters US Top
Raw Story
Pounding The Rock
STAT News
AlterNet
New York Post Health
NBC News
The List
New York Magazine Intelligencer
ABC30 Fresno Sports