(Bloomberg) — Adobe Inc. reported revenue that topped analysts’ estimates, signaling robust demand for the software maker’s cloud-based creative tools during the coronavirus pandemic.Sales jumped 14% to $3.23 billion in the quarter ended Aug. 28, the San Jose, California-based company said Tuesday in a statement. Analysts, on average, estimated $3.16 billion, according to data compiled by Bloomberg.Chief Executive Officer Shantanu Narayen has tried to continue Adobe’s rapid pace of growth despite the company’s newfound status as one of the world’s highest-valued cloud software makers. The maker of Photoshop continues to invest heavily in designing new tools for creative professionals and …read more
Source:: Yahoo Finance
