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Max has always been the place to be inspired, connect with the creative community and experience the latest Creative Cloud innovations. Next month, we will host Adobe MAX, the world's largest creativity conference. We hope to close the frame.io transaction in Q4 and look forward to welcoming the team to Adobe. The addition of frame.io creates an opportunity for Adobe in conjunction with the partner ecosystem to expand beyond video editors to a broader set of customers, teams, and enterprises. In Q3, Adobe achieved 3.94 billion in revenue, representing 22% year-over-year growth.” He continued, “The combination of our leading video editing offerings, including Photoshop, Premiere Pro, and after-effects with frame.io’s cloud-based review and approval functionality will radically accelerate the creative process and deliver an end-to-end video platform.
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We're executing on our strategy of unleashing creativity for all accelerating document productivity and powering digital businesses as reflected in our strong performance. Our operational rigor and data-driven insights enable us to execute while we continue to invest across massive market opportunities.”ĬEO Narayen set the tone, This quarter we delivered significant new product innovations, announced the exciting acquisition of frame.IO and continued to increase customer engagement across an ever-expanding customer base. Adobe CEO Shantanu Narayen commented, ““Adobe had another outstanding quarter as Creative Cloud, Document Cloud and Experience Cloud continue to transform storytelling, learning and conducting business in a digital-first world.” Adobe CFO John Murphy commented, ““We drove record revenues and strong profitability in the quarter, demonstrating our ability to succeed in a dynamic environment. Creative revenue rose 21% and Document Cloud revenues grew 31% YoY. Digital media segment grew 23% YoY to $2.87 billion. Revenues grew 22% year-over-year (YoY) to $3.94 billion, beating analyst estimates for $3.9 billion. The Company reported earnings-per-share (EPS) profit of $3.11 versus $3.03 consensus analyst estimates, a $0.09 beat.
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21, 2021, Adobe released its fiscal third-quarter 2021 results for the quarter ended August 2021. The recent price dive is presenting prudent investors with opportunistic pullbacks to gain exposure by scaling in a position patiently. The Company continues to score large wins including Nike (NYSE: NKE), Facebook (NASDAQ: FB), and the U.S.
#Adobe creative cloud support software#
Since then, the Company has built out its library of creative software offerings with a robust portfolio segmented in Adobe Creative Cloud, Document Cloud, Experience Cloud as well as Publishing and Advertising products. It revolutionized software company operating models when it provided its expensive Photoshop software suite at a monthly subscription rate rather than a one-time purchase price. The creative software developer was a pioneer in cloud computing and the software as a service (SaaS) subscription model. Digital cloud creative software company Adobe (NASDAQ: ADBE) stock has been on a tear blowing through its pre-COVID highs.