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Canva strikes biggest acquisition yet in chase to take on Adobe

The deal, which is a mix of cash and stock, is valued at “several hundred million pounds,” Canva co-founder and Chief Operating Officer Cliff Obrecht said in an interview with Bloomberg on Monday. ....

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Dash Acquisitions Inc. Sells 78 Shares of Adobe Inc. (NASDAQ:ADBE)

Dash Acquisitions Inc. reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,511 shares of the software company’s stock after selling 78 shares during […] ....

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Accenture, Adobe join forces to develop personalised gen-AI solutions

Accenture said it will integrate Adobe Firefly Custom Models into the marketing services offered by Accenture Song, the company s digital creative services, providing organisations with industry-specific information necessary to train models on their proprietary data and brand guidelines. ....

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Sendero Wealth Management LLC Has $6.13 Million Stock Position in Adobe Inc. (NASDAQ:ADBE)

Sendero Wealth Management LLC grew its position in Adobe Inc. (NASDAQ:ADBE – Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,268 shares of the software company’s stock after acquiring an additional 148 shares during the […] ....

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Cloud Stocks: Adobe Monetizing its Generative AI Tools

Adobe (NASDAQ: ADBE) recently reported its quarterly results that were ahead of market expectations. However, it provided a weak outlook that sent the stock tumbling 11% in the after-hours trading session. Adobe's Financials Adobe's first quarter revenues grew 11% to $5.18 billion, ahead of the market's estimates of $5.14 billion. Adjusted EPS of $4.48 also beat analyst estimates of $4.38. During the quarter, Digital Media segment revenue grew 12% to $3.82 billion with creative revenue growing 11% to $3.07 billion and Document Cloud revenue growing 18% to $750 million. Net new Digital Media Annualized Recurring Revenue (ARR) was $432 million, exiting the quarter with Digital Media ARR of $15.76 billion. Digital Experience segment revenue grew 10% to $1.29 billion with Digital Experience subscription revenue growing 12% to $1.16 billion. Last quarter, Adobe paid $1 billion in termination fee to Figma as it terminated the $20 billion acquisition plan. For the second quarte ....

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