Adobe delivers an upbeat outlook despite irritation over tech giant’s AI business potential

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Investors, who have been looking for more convincing evidence that Adobe Inc. can prosper in the age of artificial intelligence, were unimpressed despite the company’s optimistic annual projection.

According to a statement released by the corporation on Wednesday, revenue for the fiscal year ending in November 2026 will be between $25.9 billion and $26.1 billion. Some analysts had projected revenues of above $26.4 billion, but the midpoint of that range exceeded the average projection.

According to Chief Executive Officer Shantanu Narayen, Adobe’s…



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Adobe delivers an upbeat outlook despite irritation over tech giant’s AI business potential


Investors, who have been looking for more convincing evidence that Adobe Inc. can prosper in the age of artificial intelligence, were unimpressed despite the company’s optimistic annual projection.

According to a statement released by the corporation on Wednesday, revenue for the fiscal year ending in November 2026 will be between $25.9 billion and $26.1 billion. Some analysts had projected revenues of above $26.4 billion, but the midpoint of that range exceeded the average projection.

According to Chief Executive Officer Shantanu Narayen, Adobe’s…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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