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Adobe Systems Inc (ADBE.OQ)

ADBE.OQ on NASDAQ Stock Exchange Global Select Market

21 Oct 2016
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Latest Key Developments (Source: Significant Developments)

Adobe reports record revenue
Tuesday, 20 Sep 2016 04:05pm EDT 

Adobe Systems Inc : Q3 revenue $1.46 billion versus I/B/E/S view $1.45 billion . Q3 GAAP earnings per share $0.54 . Q3 earnings per share view $0.72 -- Thomson Reuters I/B/E/S . Qtrly diluted earnings per share were $0.54 on a GAAP-basis, and $0.75 on a non-GAAP basis. . Adobe Systems Inc qtrly deferred revenue grew to a $1.80 billion versus $1.31 billion last year . Digital media annualized recurring revenue $3.70 billion exiting quarter, a quarter-over-quarter increase of $285 million .Adobe Systems Inc says qtrly adobe marketing cloud achieved revenue of $404 million versus. $368 million last year.  Full Article

Adobe Systems sees Q4 revenue of $1.55 bln- $1.60 bln
Tuesday, 20 Sep 2016 04:05pm EDT 

Adobe Systems Inc: Sees Q4 revenue of $1.55 billion to $1.60 billion . Says expect to achieve adobe marketing cloud year-over-year revenue growth of approximately 30% in Q4 . Q4 earnings per share view $0.78, revenue view $1.57 billion -- Thomson Reuters I/B/E/S . Sees Q4 non-GAAP earnings per share $0.83 to $0.89 . Adobe Systems Inc sees Q4 GAAP EPS $0.60 to $0.66 .Expect to add slightly more than $300 million of net new digital media ARR during Q4 to achieve FY target of about $4 billion.  Full Article

Surveymonkey says appoints Tom Hale as President
Thursday, 21 Jul 2016 06:16pm EDT 

Surveymonkey : Hale has served in senior positions at Linden Lab and Adobe systems .Surveymonkey says appoints Tom Hale as president.  Full Article

Adobe co-chairman John Warnock sells 2,000 shares of co's common stock
Thursday, 21 Jul 2016 04:12pm EDT 

Adobe Systems Inc :Co-Chairman, John Warnock reports open market sale of 2,000 shares of co's common stock at average price of $98.51/share on July 20.  Full Article

Adobe expects Q3 earnings per share of $0.46 to $0.52
Tuesday, 21 Jun 2016 04:24pm EDT 

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 issues emergency update to Flash after ransomware attacks - Reuters News
Thursday, 7 Apr 2016 10:32pm EDT 

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
Thursday, 10 Dec 2015 06:33am EST 

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

U.S. judge approves $415 mln settlement in tech worker lawsuit, which workers accused Apple Inc, Google Inc and Intel Corp and Adobe Systems Inc - Reuters
Wednesday, 2 Sep 2015 08:00pm EDT 

Adobe Systems Inc:A U.S. judge on Sept.2 granted final approval to a $415 million settlement that ends a high profile lawsuit in which workers accused Apple, Google and two other Silicon Valley companies of conspiring to hold down salaries - Reuters.The plaintiffs alleged that Apple Inc, Google Inc , Intel Corp and Adobe Systems Inc agreed to avoid poaching each other's employees, thus limiting job mobility and, as a result, keeping a lid on salaries - Reuters.In a ruling on Sept.2, U.S. District Judge Lucy Koh in San Jose, California, found the deal was fair to the thousands of plaintiff workers in the class action - Reuters.Attorneys representing those workers had asked for about $81 million in fees - Reuters.However, Koh decided such an award would be an inappropriate "windfall" for the lawyers, and awarded about $40 million instead - Reuters.The antitrust class action lawsuit was filed in 2011 - Reuters.The case was based largely on emails in which Apple co-founder Steve Jobs, former Google Chief Executive Officer Eric Schmidt and some of their rivals detailed plans to avoid poaching each other's prized engineers - Reuters.  Full Article

Adobe Systems Inc and Microsoft Corporation partner to transform marketing, sales and customer service
Wednesday, 29 Apr 2015 04:00am EDT 

Adobe Systems Inc and Microsoft Corporation:Sees strategic partnership that will redefine how enterprises manage their marketing, sales and services to better engage with customers across all touch points.The partnership will include the integration of Adobe`s industry leading Marketing Cloud Solutions with Microsoft`s Dynamics CRM and allow brands to deliver experiences that take all customer engagements into account from reach and acquisition to retention and loyalty.This new integration will help eliminate frustrating customer experiences that result when marketing, sales and service interactions are siloed.  Full Article

Adobe Systems Inc gives Q2 2015 guidance below analysts' estimates - Conference Call
Tuesday, 17 Mar 2015 05:00pm EDT 

Adobe Systems Inc:Targets Q2 2015 revenue range of $1.125 billion to $1.175 billion.Targets yield Q2 2015 GAAP earnings per share range of $0.20 to $0.25 per share and Q2 2015 non-GAAP earnings per share range of $0.41 to $0.47.Q2 2015 revenue of $1.176 billion and EPS of $0.48 - Thomson Reuters I/B/E/S.  Full Article


Wall Street rallies after Fed stands pat on rates

Wall Street racked up gains on Wednesday after the U.S. Federal Reserve kept interest rates unchanged, for now leaving intact the low-rate environment that has helped underpin the bull market. | Video