Adobe (ADBE.US) "AI+Creative Software" leverages growth engine, JP Morgan reiterates "overweight" rating.
According to the Zhitong Finance and Economics APP, the technology giant Adobe (ADBE.US), which provides popular creative software products such as Photoshop and Illustrator, announced its financial results last Friday morning Beijing time. The financial report data shows that after experiencing a weak performance in multiple quarters, the company finally saw a significant boost in its "AI + creative software" series of cloud software products, leading to strong growth data and performance outlook. In the second quarter of the 2025 fiscal year, Adobe's overall sales revenue increased by 11% year-on-year, exceeding Wall Street analysts' average expectations, reaching $ 5.87 billion. The company's management expects that the overall sales revenue for the third quarter of the 2025 fiscal year, ending in August, will reach $ 5.88 billion to $ 5.93 billion, surpassing Wall Street analysts' average expectations of around $ 5.88 billion.
Latest