Adobe Web Subscriptions Crimp Outlook as Designers Move to Cloud
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Adobe Systems Inc. signed up online customers at a faster-than-projected clip, adding to evidence the largest maker of graphic-design software is reducing its dependence on the slumping personal-computer market.
The jump to 1.44 million customers for Adobe’s Creative Cloud Web-based software came as sales declined 9.7 percent to $1.04 billion in the fiscal fourth quarter that ended in November, the company said in a statement yesterday. That topped the $1.03 billion average of analysts’ projections, according to data compiled by Bloomberg.