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Adobe Systems Inc (ADBE.O)

ADBE.O on Nasdaq

98.44USD
28 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Adobe Systems Inc announces program to repurchase $2.0 bln of stock by end of FY 2017
Wednesday, 14 Jan 2015 04:25pm EST 

Adobe Systems Inc:Approved a new stock repurchase program granting the company authority to repurchase up to $2.0 billion in common stock through the end of fiscal 2017.Under the new stock repurchase program, which is designed to return value to Adobe's stockholders and minimize dilution from stock issuances, the company will repurchase shares in the open market and also enter into structured repurchase agreements with third parties.  Full Article

Adobe Systems Inc gives FY 2015 guidance below analysts' estimates - conference call
Thursday, 11 Dec 2014 05:00pm EST 

Adobe Systems Inc:Sees FY 2015 total revenue of about $4.85 billion.Sees FY 2015 GAAP earnings per share of $1.20 and non-GAAP earnings per share of $2.05.FY 2015 revenue of $4.93 billion and EPS of $2.07 - Thomson Reuters I/B/E/S.  Full Article

KKR & Co LP Agrees to sell Fotolia to Adobe Systems for $800 mln
Thursday, 11 Dec 2014 04:41pm EST 

KKR & Co LP:Announced an agreement for the sale of Fotolia to Adobe Systems for a total enterprise value of $800 million.Says Fotolia is a global marketplace for royalty-free images, graphics and HD Videos.Says transaction is scheduled to close in the first quarter of 2015.Says it was represented by Simpson Thacher & Bartlett LLP.TA Associates and Oleg Tscheltzoff were represented by Goodwin Procter LLP.Adobe was represented by Weil, Gotshal & Manges LLP.  Full Article

Adobe Systems Inc partners with Workday
Monday, 27 Oct 2014 09:01am EDT 

Adobe Systems Inc:Says partnership to integrate Adobe EchoSign e-signature capabilities into Workday Human Capital Management (HCM), an end-to-end cloud system that enables organizations to make faster decisions and gain operational visibility.This integration will help modernize HR tasks and arm Workday customers with the speed, ease and security of e-signatures.Says Adobe EchoSign enables HR organizations to make key functions paperless; saving time, reducing errors, increasing compliance and improving employee and candidate experiences.As valuable part of Adobe's own People Resources hiring process, Adobe EchoSign allows teams to close 64 pct of external offers within 24 hours and 15 pct within an hour.Additionally, Adobe expects to deploy various Workday HCM features internally in 2015 to take advantage of operational efficiencies, as well as the employee and manager self-service capabilities.  Full Article

Adobe acquires Aviary to fast-track creative cloud app development
Monday, 22 Sep 2014 04:01pm EDT 

Adobe Systems Inc:Acquires privately held Aviary, developer of mobile SDKs for delivery of creative apps.Says acquisition accelerates Adobe's strategy to make Creative Cloud vibrant platform for third-party apps, through new Creative SDK.Currently under development, Adobe Creative SDK is software library that enables developers to tap into Adobe's creative technologies to build mobile apps and drive new connections between mobile devices and Adobe Creative Cloud desktop applications and services.  Full Article

Adobe Systems Inc gives Q4 2014 guidance; revenue guidance below analysts' estimates - Conference Call
Tuesday, 16 Sep 2014 05:00pm EDT 

Adobe Systems Inc:Targets revenue range of $1.025 billion to $1.075 billion in Q4 2014.Targets yield a Q4 2014 GAAP earnings per share range of $0.05 to $0.11 per share and a Q4 2014 non-GAAP earnings per share range of $0.26 to $0.32.Q4 2014 revenue of $1.090 billion and EPS of $0.31 - Thomson Reuters I/B/E/S.  Full Article

Wipro enters into partnership with Adobe for Digital Marketing Services
Friday, 12 Sep 2014 06:00am EDT 

Wipro Ltd:Entered into partnership with Adobe (ADBE) for Digital Marketing Services.Wipro is the first Indian Global IT services company to attain this level of partnership.With its strong advisory, consulting and delivery capabilities in digital space, Wipro will partner with Adobe in creating integrated marketing, commerce, analytics and customer experience solutions.These solutions will help businesses to better understand and win customers, increase share of wallet and differentiate through targeted, relevant and consistent conversations across multiple devices and channels.  Full Article

Adobe and Publicis Groupe team up to deliver first always-on global marketing platform
Wednesday, 10 Sep 2014 02:30am EDT 

Publicis Groupe and Adobe Systems Inc:Says a strategic partnership to deliver the Publicis Groupe Always-On Platform, the first end-to-end marketing management platform from Publicis Groupe that automates and connects all components of a client`s marketing efforts.Available to all agencies in the Publicis Groupe network, the platform will be anchored in VivaKi as an open framework so that every agency can deploy and brand it uniquely for use.Collaboration is expected to drive growth across the two companies, and accelerate Publicis Groupe`s goal to make combined digital and emerging market revenue 75 pct of its multi-billion dollar business by 2018.  Full Article

BRIEF-Surveymonkey says appoints Tom Hale as President

* Hale has served in senior positions at Linden Lab and Adobe systems