Adobe Systems Inc (ADBE.O)
Latest Key Developments (Source: Significant Developments)
Adobe Systems Inc: Sees Q3 revenue of $1.420 billion to $1.470 billion . Sees Q3 earnings per share (GAAP) of $0.46 to $0.52 . Sees Q3 non-GAAP earnings per share $0.69 to $0.75 . Q3 earnings per share view $0.71, revenue view $1.47 billion -- Thomson Reuters I/B/E/S . Expect net new Digital Media ARR of approximately $285 million in Q3 .Expect approximately 7% year-over-year revenue growth with Adobe Marketing Cloud in Q3. Full Article
Adobe Systems Inc:Adobe Systems Inc issued an emergency update on Thursday to its widely used Flash software for Internet browsers after researchers discovered a security flaw that was being exploited to deliver ransomware to Windows PCs. - RTRS.The software maker urged the more than 1 billion users of Flash on Windows, Mac, Chrome and Linux computers to update the product as quickly as possible.after security researchers said the bug was being exploited in "drive-by" attacks that infect computers with ransomware when tainted websites are visited.Ransomware encrypts data, locking up computers, then demands payments that often range from $200 to $600 to unlock each infected PC.Japanese security software maker Trend Micro Inc said that it had warned Adobe that it had seen attackers exploiting the flaw to infect computers with a type of ransomware known as 'Cerber' as early as March 31.Cerber "has a 'voice' tactic that reads aloud the ransom note to create a sense of urgency and stir users to pay," Trend Micro said on its blog.Adobe's new patch fixes a previously unknown security flaw. Such bugs, known as "zero days," are highly prized because they are harder to defend against since software makers and security firms have not had time to figure out ways to block them.They are typically used by nation states for espionage and sabotage, not by cyber criminals who tend to use widely known bugs for their attacks. Full Article
Accenture PLC and Adobe expand alliance to advance digital transformation for life science, healthcare, and financial services organizations
Accenture PLC and Adobe:Says expansion of their global alliance to create and deliver digital marketing solutions for life science, healthcare, and financial services organizations in North America and Europe.Under a new three-year agreement, Accenture and Adobe will develop technology services and solutions designed to help customers in these particular industries drive greater marketing performance and efficiency. Full Article
Photoshop maker Adobe Systems Inc forecast better-than-expected revenue and profit for fiscal 2018 due to growth in its cloud business, sending its shares up 8 percent in extended trading.