Adobe surges as AI optimism fuels annual revenue forecast
By Arsheeya Bajwa (Reuters) - Adobe shares soared 16% on Friday, putting the Photoshop-maker on track for its best day in more than four years, after the company raised its annual revenue forecast as more customers turned to its AI-powered editing
Adobe embroiled in anti-trust issues, forecasts revenue below estimates
By Arsheeya Bajwa (Reuters) - Photoshop maker Adobe said on Wednesday it was facing regulatory scrutiny over its subscription models and forecast annual and quarterly revenue below estimates, sending its shares down more than 5% in after-hours trading. The San Jose, California-based
Adobe co-founder John Warnock dies at 82
By Nilutpal Timsina (Reuters) - Photoshop maker Adobe's co-founder John Warnock died on Saturday aged 82, the company said in a statement early on Sunday. The cause of his death was not disclosed. "It is a sad day for the Adobe community and
Adobe’s Figma deal faces EU competition investigation
By Foo Yun Chee BRUSSELS (Reuters) - Adobe's $20 billion bid for cloud-based designer platform Figma could reduce competition in global markets for interactive product design tools and also shut out rivals, EU antitrust regulators said on Monday. The European Commission said
EU antitrust regulators set Aug. 7 deadline for Adobe, Figma deal
By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators will decide by Aug. 7 whether to clear Adobe's $20 billion bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday. Photoshop maker Adobe
Adobe signs chip supplier Qualcomm for marketing tech software
A logo of Adobe Inc. is pictured at the company's office in Citywest Business Campus, Saggart, Ireland October 19, 2021. Picture taken October 19, 2021. REUTERS/ Tom Bergin By Stephen Nellis (Reuters) - Adobe Inc said on Thursday it had signed a