Adobe Clears Some of Its Cloud
No news rarely feels so good.
Adobe
ADBE 2.99%
‘s fiscal fourth-quarter results late Thursday contained few surprises. Revenue rose 10% year over year to $4.5 billion, in line with analysts’ forecasts, while adjusted operating income came in at $2 billion, slightly ahead of expectations. The company also reaffirmed that it expects revenue of about $19.2 billion at the midpoint for the fiscal year ending in November 2023.…