Adobe (ADBE) PT Lowered to $540 at UBS, 'Creative ARR Falls Short � Take Two'
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Adobe Reports Record Revenue in Q1 Fiscal 2024
March 14, 2024 4:05 PM EDTRecord Q1 Net New Document Cloud ARR; Enterprise strength drives RPO growth of 16 percent year over year
SAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) today reported financial results for its first quarter fiscal year 2024 ended March 1, 2024.
Adobe drove record Q1 revenue demonstrating strong momentum across Creative Cloud, Document Cloud and Experience Cloud, said Shantanu Narayen, chair and CEO, Adobe. Weve done an incredible job harnessing the power of generative AI to deliver groundbreaking innovation across our product portfolio.
Adobes Q1 results and record RPO reflect strong customer adoption... More
Adobe Announces New $25 Billion Stock Repurchase Program
March 14, 2024 4:05 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Adobe (Nasdaq: ADBE) announced that its board of directors has approved a new stock repurchase authorization, granting the company authority to repurchase up to $25 billion in common stock through March 14, 2028. Under the program, which is designed to return value to Adobes stockholders, minimize dilution from stock issuances, and reduce share count over time, the company may repurchase shares in the open market and enter into structured repurchase agreements with third parties.
Our new $25 billion share repurchase authorization underscores what a special company Adobe is, with... More
