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Microsoft (MSFT), Adobe (ADBE) Enter Enterprise Cloud Partnership

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Cowen Reiterates Outperform on Adobe Systems (ADBE) Following Announcement Consolidation with MSFT

September 27, 2016 11:12 AM EDT

Cowen reiterated an Outperform rating and $120.00 price target on Adobe Systems (NASDAQ: ADBE) following the company's announcement that it is consolidating its cloud platforms onto Azure and that MSFT will now be co-selling Marketing Cloud. Cowen believes that this partnership makes sense as... More

Microsoft (MSFT) Debuts New IT-Focused Cloud-Based Products

September 26, 2016 9:08 AM EDT

At its annual Microsoft Ignite conference on Monday, Microsoft Corp. announced new products and services spanning security, productivity, intelligence and the cloud that will make it easier for IT professionals to drive digital transformation throughout their organizations. In addition, Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen announced that Adobe is bringing its Marketing Cloud to Microsoft Azure and making it the preferred digital marketing solution for Dynamics 365 Enterprise.

"Core to our mission to empower every person and organization on the planet is democratizing AI for every person and organization to help solve society's most pressing challenges,"... More