| Thread Tools |
25th June 2016, 16:24 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,095
| Adobe disappoints Wall Street Software maker Adobe appears to have disappointed the cocaine-nose jobs of Wall Street with its latest results. They are weeping… It was not as if the results were bad, in fact Adobe Systems second-quarter revenue and full-year revenue forecast just about met analysts’ estimates, it is just that Wall Street hoped that they would see increased demand from the outfit’s Creative Cloud package of software tools. Adobe has been focused on selling its software through web-based subscriptions, which ensures a predictable and recurring revenue stream. This helped Adobe’s cash rise for nine straight quarters and should mean that growth would be predictable going forward as most of the company’s clients were now on the subscription model However Adobe’s forecast for the current quarter was largely below estimates – mostly because Adobe is always conservative on its outlooks and Wall Street suddenly seems to think that is a weakness. Adobe’s second-quarter revenue rose 20.4 percent to $1.40 billion as more customers subscribed for Creative Cloud, which includes graphic design tool Photoshop, web design software Dreamweaver and web video building application Flash. http://www.techeye.net/business/adob...ts-wall-street |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
British man alleged to have broken Wall Street | Stefan Mileschin | WebNews | 0 | 23rd April 2015 14:06 |
Infosys beats Wall Street predictions | Stefan Mileschin | WebNews | 0 | 10th January 2015 07:42 |
Wall Street goes insane over Spotify | Stefan Mileschin | WebNews | 0 | 26th November 2013 08:54 |
Microsoft astonishes Wall Street | Stefan Mileschin | WebNews | 0 | 28th October 2013 07:40 |
Wall Street slams Intel | Stefan Mileschin | WebNews | 0 | 10th July 2013 09:25 |
Wall Street mourns high profile firing | Stefan Mileschin | WebNews | 0 | 29th October 2012 09:24 |
Wall Street savaging Intel | Stefan Mileschin | WebNews | 0 | 18th July 2012 08:29 |
Wall Street mutters against Microsoft | Stefan Mileschin | WebNews | 0 | 9th July 2012 13:54 |
Apple confounds the Wall Street pundits | Stefan Mileschin | WebNews | 0 | 26th April 2012 07:35 |
Intel is back in business says Wall Street | jmke | WebNews | 1 | 5th January 2007 13:00 |
Thread Tools | |
| |