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Bloomberg reports that Adobe is going to release a full version of their Photoshop photo editing software for iPad in a move to target their mobile competitors like Affinity Photo: via Photorumors.com
Adobe Again Achieves Record Revenue Just a day after Adobe announced a price increase for some Creative Cloud plans in North America, the company announced another record revenue just like they did last year. Adobe Achieves Record Revenue Creative ARR Exceeds $5 Billion in Q1 FY2018 SAN JOSE, Calif.--(BUSINESS WIRE)--Adobe (Nasdaq:ADBE) today reported strong financial results for its first quarter fiscal year 2018 ended March 2, 2018. Financial Highlights Adobe achieved record quarterly revenue of $2.08 billion in its first quarter of fiscal year 2018, which represents 24 percent year-over-year revenue growth. Diluted earnings per share was $1.17 on a GAAP-basis, and $1.55 on a non-GAAP basis. Digital Media segment revenue was $1.46 billion, with Creative revenue growing to $1.23 billion and Document Cloud achieving revenue of $231 million. Digital Media Annualized Recurring Revenue (“ARR”) grew to $5.72 billion exiting the quarter, a quarter-over-quarter increase of $336 million. Creative ARR grew to $5.07 billion, and Document Cloud ARR grew to $647 million. Digital Experience segment revenue was $554 million, which represents 16 percent year-over-year growth. Operating income grew 50 percent and net income grew 46 percent year-over-year on a GAAP-basis; operating income grew 43 percent and net income grew 64 percent year-over-year on a non-GAAP basis. Cash flow from operations was $990 million, and deferred revenue grew 25 percent year-over-year to approximately $2.57 billion. Adobe repurchased approximately 1.6 million shares during the quarter, returning $301 million of cash to stockholders. A reconciliation between GAAP and non-GAAP results is provided at the end of this press release and on Adobe’s website. via photorumors.com
Adobe announced new versions of Photoshop and Premiere Elements - check the dedicated websites for additional information and video examples:
Final Build of the New Adobe Lightroom Released for Testing Today Adobe released the final release candidate of the new Adobe Classic Lightroom CC to registered beta testers. We can expect the new version of Lightroom to be announced this month, probably during the Adobe Max conference October 18-20, 2017.