Adobe reports Q1 revenue up 12% YoY to $6.4B, vs. $6.28B est., adjusted EPS above estimates, and forecasts Q2 revenue between $6.43B and $6.48B, vs. $6.43B est.
as pressure on the company mounts to deliver on AIDigiTimes:Adobe reports strong earnings as CEO announces planned departure
Reuters Zaheer Kachwala
Related Coverage
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- Adobe CEO to Step Down in Face of Investor Concerns Over AI Bloomberg · Brody Ford
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Adobe double beat + begins CEO succession process after 18 years of leadership from Shantanu Narayen, who will remain Board Chair. CEO: “Adobe delivered record Q1 results with AI-first ARR more than tripling year over year and subscription revenue growing 13%” $ADBE: -7% AH [imag…
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Adobe's longtime CEO to exit role amid AI disruption, shares fall