Adobe Sales Forecast Beats Estimates With Creative Products Leading
- Maker of Photoshop expands its software products for business
- Shares little changed after closing at a record price
Adobe Systems Inc. Creative Cloud application icons.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Adobe Systems Inc., the maker of Photoshop, gave a sales forecast that topped analysts’ estimates, signaling that strong demand for its creative products continues to drive growth, even as the company pushes more into software for businesses.
Revenue in the current quarter will be about $2.42 billion, and profit, excluding some costs, may reach $1.87 a share, the San Jose, California-based company said Thursday in a statement. Analysts projected $2.41 billion in sales and earnings of $1.86 a share, according to data compiled by Bloomberg.