Software solutions provider Adobe Systems on Thursday announced it bought privately held collaboration-software rival Figma for $20 billion in cash and stock in the company’s largest ever deal. This deal is over four times what Adobe paid for Marketo in 2018. Before that, the biggest was Macromedia for $3.4 billion in 2005. Adobe’s aggressive acquisition came as they also announced fiscal third-quarter results Thursday which highlighted continued deceleration in ADBE’s growth. The market priced the deal and earnings with concern … Continue reading “Adobe Buys Rival Figma for $20 billion”
Soaring US Dollar Continues to Impact Adobe Earnings as Growth Decelerates
Software solutions provider Adobe Systems reported worse than expected earnings for the fiscal third-quarter results Thursday which highlighted continued deceleration in ADBE’s growth as it issued fourth-quarter revenue guidance that fell below Wall Street expectations, citing foreign-exchange challenges tied to the soaring U.S. dollar. The company announced also it bought privately held collaboration-software rival Figma for $20 billion in cash and stock in the company’s largest ever deal. The market priced the deal and earnings with concern with the stock … Continue reading “Soaring US Dollar Continues to Impact Adobe Earnings as Growth Decelerates”
How Much Will a Soaring US Dollar Impact Adobe Earnings?
Software solutions provider Adobe Systems report earnings for the third quarter Thursday Adobe $ADBE shares are down over 30% in 2022 in line with technology stocks underperforming and the general market malaise. The company issued guidance below estimates, prompting analysts to cut their ratings outlook. Foreign exchange impacted the outlook and with a soaring dollar since this effect overhangs. However solid expectations for Digital Media and [Digital Experience remains. Adobe Inc NASDAQ: ADBE Reported Earnings After Close Thursday $3.35 EPS … Continue reading “How Much Will a Soaring US Dollar Impact Adobe Earnings?”