![]() ![]() "They are getting close to converting their base to the cloud, and now what they have to work on is new opportunities and growth areas. "Overall, this is a company that is humming on all cylinders," IDC analyst Al Hilwa said. Sales and profits have taken a hit in that process. The deal is expected to close this quarter.įotolia will be integrated into Adobe's Creative Cloud service, giving users the ability to access and purchase some 34 million images and videos.Īdobe has been working to transition its business from desktop software to cloud computing. Q4 was Adobe's best for EPS growth in three years.Īdobe stock was up 7.5% in after-hours trading Thursday, after dipping a fraction in the regular session.Īdobe also announced it is buying privately held Fotolia, a top marketplace for royalty-free photos, graphics and videos, for $800 million in cash. That's a turnaround from fiscal Q3 when Adobe's EPS fell 13% and sales rose just 1%. ![]() ![]() On a year-over-year basis, EPS rose 13% and sales 3%. Analysts polled by Thomson Reuters were expecting 30 cents and $1.06 billion. San Jose, Calif.-based Adobe Systems ( ADBE) earned 36 cents a share excluding items on sales of $1.07 billion. Graphic design and media software company Adobe Systems floated above Wall Street's fiscal fourth-quarter targets late Thursday, reporting better-than-expected sales and earnings thanks to its Internet cloud businesses. ![]()
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