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☆ Adobe releases Acrobat AI assistant starting at $4.99 a month
▼ + stars: | 2024-04-15 | by ( Alex Koller | ) www.cnbc.com time to read: 1 min

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Adobe on Monday released its artificial intelligence assistant, which helps users understand the contents of digital documents. Monthly subscriptions start at $4.99. As part of the release, Adobe is also launching a free mobile version of the tool in beta that can respond to voice commands, and is bringing the service to extensions on Microsoft Edge and Google Chrome. Adobe said subscription pricing for the feature is an "early access" rate and will change in the future.

Persons: Shantanu Narayen Organizations: CNBC, New York Stock Exchange, Adobe, Microsoft Edge, Google

☆ Adobe CEO on AI innovation, expanding AI strategy and revenue growth
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe CEO on AI innovation, expanding AI strategy and revenue growthShantanu Narayen, Adobe CEO, joins 'Closing Bell: Overtime' to discuss the Adobe Summit where it unveiled a suite of AI innovations.

Persons: Shantanu Narayen Organizations: Adobe

☆ Adobe shares drop 13% on weak quarterly revenue guidance
▼ + stars: | 2024-03-15 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Adobe shares fell 13% on Friday morning after the company reported first-quarter results that beat estimates but delivered a light quarterly revenue forecast. Its revenue of $5.18 billion exceeded the $5.14 billion analysts estimated. "No change to our view that Adobe is a major AI beneficiary," the analysts wrote in a Thursday investor note. Barclays dropped its price target for shares of Adobe to $630 from $700 while maintaining an overweight rating for the stock. "A smaller than expected beat in Digital Media Net New ARR likely increases investor concerns around competitive pressures," the analysts wrote.

Persons: Shantanu Narayen, Morgan Stanley Organizations: CNBC, New York Stock Exchange, Adobe, Bank of America, Barclays, Creative, Digital Media Locations: New York City

☆ Watch CNBC's full interview with Adobe CEO Shantanu Narayen
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Adobe CEO Shantanu NarayenAdobe CEO Shantanu Narayen joins 'Closing Bell Overtime' to talk Adobe Q1 results, embracing generative AI, stock buybacks and more.

Persons: Shantanu Narayen Organizations: Adobe

☆ Adobe shares slip 10% on soft sales forecast
▼ + stars: | 2024-03-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. During the quarter, Adobe abandoned its $20 billion acquisition of design software startup Figma after U.K. regulators found competitive concerns. Adobe will work with OpenAI around Sora, David Wadhwani, president of Adobe's digital media business, said on the earnings call. Adobe sees fiscal second-quarter earnings of $4.35 to $4.40 per share on an adjusted basis, with $5.25 billion to $5.30 billion in revenue. Leaving out the after-hours movement, Adobe shares have fallen 4% so far this year, while the S&P 500 index has gained 8% over the same time period.

Persons: Shantanu Narayen, OpenAI, Sora, David Wadhwani, LSEG, Wadhwani Organizations: CNBC, New York Stock Exchange, Adobe, LSEG, Firefly Services Locations: Sora

☆ Adobe CEO Shantanu Narayen: Firefly adoption in Photoshop and Illustrator 'pretty good'
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe CEO Shantanu Narayen: Firefly adoption in Photoshop and Illustrator 'pretty good'Adobe CEO Shantanu Narayen joins 'Closing Bell Overtime' to talk Adobe Q1 results, embracing generative AI, stock buybacks and more.

Persons: Shantanu Narayen

☆ Adobe launches AI assistant that can search and summarize PDFs
▼ + stars: | 2024-02-20 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Adobe on Tuesday launched an artificial intelligence assistant in its Reader and Acrobat applications that can produce summaries of and answer questions about PDFs and other documents. The AI assistant, currently in beta, is now available on Acrobat, "with features coming to Reader over the coming days and weeks," according to a news release. The AI assistant will help users digest information from long PDF documents by generating brief overviews of their contents, the company said. Adobe's AI assistant is a built-in feature. You want to understand the summary, you want to have a conversation with it, you want to ask questions," Narayen said.

Persons: David Wadhwani, Adobe, Shantanu Narayen, you've, Narayen Organizations: Adobe, Adobe Creative, CNBC PRO Locations: San Francisco

☆ Hundreds of Adobe employees protest the company moving its MAX conference to Florida. Ron DeSantis thinks it's a 'stunt.'
▼ + stars: | 2024-02-14 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

A group of Adobe employees are upset over the company’s decision to host its MAX annual conference in Florida, citing the state’s “hostile” laws against marginalized groups. Earlier this month, more than 500 Adobe employees signed an internal petition demanding the company reconsider the location of the annual conference, scheduled to take place in Miami later this year. As company leaders reiterated their commitment to Miami for this year’s event, some Adobe employees took to the Slack channel to express their dismay. “I’m shocked and disappointed at the lack of consideration in that call,” one of the employees wrote in the internal Slack channel. "Adobe MAX is a celebration of our community and a platform to showcase the incredible impact that creativity has around the world.

Persons: ”, Shantanu Narayen, David Wadhwani, “, “ I’m, Ron DeSantis’s “, DeSantis, Jeremy Redfern, Ron DeSantis, Charlie Neibergall ‘, ’, Adobe’s, Erica Warren, ” Warren, Slack, Amy White, “ It’s, ” White Organizations: Adobe, Business, Disney, MAX, ”, AP, National Association for, Advancement of Colored People, Human Rights, Las, ” Adobe Locations: Florida, Miami, America, Los Angeles, London, Berlin, Tokyo, LA, San Diego, Las Vegas, ‘ Florida, “

☆ Adobe shares slide on weaker-than-expected forecast for 2024
▼ + stars: | 2023-12-13 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Adobe shares dropped more than 6% in extended trading Wednesday after the software maker posted a lighter-than-expected forecast for 2024. Net income increased 26% to $1.48 billion, or $3.23 per share, up from $1.18 billion, or $2.53 per share, in the year-ago quarter. Adobe called for fiscal 2024 earnings per share of $17.60 to $18 on $ $21.3 billion to $21.5 billion in revenue. During the quarter Adobe increased the costs of some subscriptions. Prior to the after-hours move, Adobe shares were up almost 86% this year, outperforming the S&P 500 stock index, which has gained about 23%.

Persons: Wall, LSEG, Anil Chakravarthy, Shantanu Narayen, Narayen, Adobe Organizations: Adobe, Creative, Creative Cloud, European Commission, U.S . Department of Justice, DOJ, U.S . Federal Trade Commission, Restore, FTC, CNBC PRO Locations: LSEG

☆ UK regulators say Adobe's $20 billion Figma acquisition could harm competition
▼ + stars: | 2023-11-28 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Britain's top competition watchdog said Tuesday that Adobe 's proposed $20 billion acquisition of Figma could harm the U.K.'s digital design sector, findings that could mean a major setback for the merger. The Competition and Markets Authority said the deal could "eliminate competition," "reduce innovation" and "remove Figma as a threat to Adobe's flagship Photoshop and Illustrator products," according to a release. Adobe announced plans to buy Figma, which allows users to collaborate on app and website design, for $20 billion in September last year. "We are reviewing the provisional findings and will reengage with the CMA on the facts and merits of the case." David Wadhwani, a key Adobe executive behind the Figma deal, expressed frustration in October over the slow pace of regulatory approval.

Persons: David Wadhwani, Figma, Jordan Novet, Shantanu Narayen Organizations: Adobe, Adobe Creative, Markets Authority, U.S . Department of Justice, European Union, CMA, CNBC Locations: San Francisco

☆ Adobe CEO on new AI models, monetizing Firefly and new growth
▼ + stars: | 2023-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe CEO on new AI models, monetizing Firefly and new growthShantanu Narayen, Adobe CEO, joins 'Closing Bell: Overtime' to discuss the company, new AI models and new growth.

Persons: Shantanu Narayen Organizations: Adobe

☆ Top Wall Street analysts pick these five stocks for compelling returns
▼ + stars: | 2023-10-01 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

However, the current scenario also offers an opportunity to pick stocks that could generate attractive returns despite short-term pressures. To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. The analyst said the results reinforce his view of Adobe as a winner in an emerging generative artificial intelligence world. "This strategy should enable creatives to better appreciate the productivity benefits of generative AI more quickly, and make Firefly-powered generative AI offerings a critical part of their workflows, creating competitive differentiation as well as increasing the overall value of Creative Cloud," said Zelnick. Rangan holds the 509th position among more than 8,500 analysts on TipRanks.

Persons: Shantanu Narayen, Mark Neuling, Wall, Brad Zelnick, Zelnick, TipRanks, Baird, Colin Sebastian, Sebastian, Bing, Goldman Sachs, Kash Rangan, Rangan Organizations: Adobe, CNBC, Adobe Software, Deutsche Bank, Microsoft Tech, Microsoft, Windows, Bing, TipRanks, FedEx

☆ Watch CNBC's full interview with Adobe CEO Shantanu Narayen following Q3 earnings results
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Adobe CEO Shantanu Narayen following Q3 earnings resultsShantanu Narayen, Adobe CEO, joins 'Closing Bell Overtime' to talk Q3 earnings, guidance for the quarter ahead, AI integration and more.

Persons: Shantanu Narayen Organizations: Adobe

☆ Adobe CEO Shantanu Narayan: We've seen resilience in both consumers and SMB continue through Q3
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe CEO Shantanu Narayan: We've seen resilience in both consumers and SMB continue through Q3Shantanu Narayen, Adobe CEO, joins 'Closing Bell Overtime' to talk Q3 earnings, guidance for the quarter ahead, AI integration and more.

Persons: Shantanu Narayan, Shantanu Narayen Organizations: SMB, Adobe

☆ Adobe co-founder Jon Warnock is dead at 82
▼ + stars: | 2023-08-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —John Warnock, co-founder of Adobe, has died aged 82, the software company announced on Sunday. Warnock helped start the revolutionary company in 1982 with the late Charles Geschke, and transformed Adobe into a software powerhouse that became the backbone of the internet. “John’s brilliance and technology innovations changed the world,” Adobe CEO Shantanu Narayen said in a letter sent to employees. “I had an amazing teacher in high school who, essentially, completely turned me around,” Warnock said. “He was really good at getting you to love mathematics, and that’s when I got into it.”A cause of death wasn’t revealed.

Persons: New York CNN — John Warnock, Warnock, Charles Geschke, ”, Shantanu Narayen, ” Warnock, Geschke, ” Narayen, Warnock’s, Barack Obama, “, wasn’t Organizations: New, New York CNN, Adobe, of Technology, Innovation, Marconi, University of Utah Locations: New York, Salt Lake City

☆ Adobe co-founder John Warnock dies at 82
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: 1 min

CEO and Chairman of Adobe Systems, Inc. Dr. John Warnock testifies before the U.S. Senate Joint Economics Committee hearing on Capitol Hill, June 6, 2000. REUTERS/Larry Downing/File Photo Acquire Licensing RightsAug 20 (Reuters) - Photoshop maker Adobe's (ADBE.O) co-founder John Warnock died on Saturday aged 82, the company said in a statement early on Sunday. "It is a sad day for the Adobe community and the industry for which he has been an inspiration for decades," Adobe CEO Shantanu Narayen said in an email sent to employees. Warnock co-founded Adobe in 1982 with Charles Geschke. He retired as CEO in 2000 and was chairman of the board, a position he shared with Geschke, until 2017.

Persons: John Warnock, Larry Downing, Shantanu Narayen, Warnock, Charles Geschke, Nilutpal, David Goodman Organizations: Adobe Systems, Inc, U.S . Senate, Capitol, REUTERS, Adobe, Thomson Locations: Bengaluru

☆ Adobe CEO says AI will won't replace human ingenuity, it'll augment it
▼ + stars: | 2023-06-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Adobe CEO Shantanu Narayen told CNBC's Jim Cramer that generative artificial intelligence will augment humans' ingenuity, not replace it. Adobe's Firefly software makes heavy use of generative AI, which users can employ in the company's popular suite of programs like Photoshop and Illustrator. Narayen said the software will increase productivity and give smaller businesses the chance to more easily develop their ideas. Narayen added that Firefly is integrated with the company's free software, Adobe Express. The company is fresh off a successful quarter, reporting $4.82 billion in revenue, exceeding estimates of $4.77 billion.

Persons: Shantanu Narayen, CNBC's Jim Cramer, Narayen, I've Organizations: Adobe Express, Adobe

☆ Adobe CEO Shantanu Narayen sits down with Jim Cramer after Q2 earnings beat
▼ + stars: | 2023-06-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Adobe CEO Shantanu Narayen sits down with Jim Cramer after Q2 earnings beatAdobe CEO Shantanu Narayen joins 'Mad Money' host Jim Cramer to dive into the company's Q2 earnings beat, the implementation of A.I. in Adobe products, and more.

Persons: Shantanu Narayen, Jim Cramer Organizations: Adobe

☆ Adobe CEO Shantanu Narayen says A.I. is 'going to make people so much more productive'
▼ + stars: | 2023-06-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe CEO Shantanu Narayen says A.I. is 'going to make people so much more productive'Adobe CEO Shantanu Narayen joins 'Mad Money' host Jim Cramer to dive into the company's Q2 earnings beat, the implementation of A.I. in Adobe products, and more.

Persons: Shantanu Narayen, Jim Cramer Organizations: Adobe

☆ As the DOJ digs in, Adobe's top lawyer tells employees to be careful talking about the $20 billion Figma acquisition, and asks them not to delete anything related to the deal
▼ + stars: | 2023-06-12 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

Adobe's Dana Rao told employees to be careful when discussing the proposed Figma acquisition. Adobe's top lawyer told employees in an internal email to be extra careful when talking about the company's $20 billion proposed Figma acquisition, as antitrust scrutiny of the deal intensifies. In the his Adobe email, Rao said it's normal for a deal of Figma's size to go through lengthy regulatory reviews. During a March earnings call with analysts, Adobe's CEO Shantanu Narayen shared a similar end-of-year closing date for the Figma deal. In his email this month, Rao added 3 reasons why the company thinks Figma would be a good acquisition for Adobe.

Persons: Adobe's Dana Rao, Dana Rao, Department's, Rao, Shantanu Narayen, Narayen, Adobe's, Andrew Savage, Savage, Slack, Figma, Dana, Eugene Kim Organizations: Adobe, DOJ, European, SEC, CNBC, Federal Trade Commission, Activision Blizzard, Adobe Express, Department of Justice, Markets Authority, General, Competition Locations: ideation, Europe

☆ Adobe CEO Shantanu Narayen on generative A.I. partnership with Google's Bard
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe CEO Shantanu Narayen on generative A.I. partnership with Google's BardAdobe CEO Shantanu Narayen joins 'Squawk on the Street' to discuss the company's generative A.I. strategy, including its new partnership with Google's Bard.

☆ Adobe CEO on A.I. push, regional bank fallout and market outlook
▼ + stars: | 2023-03-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe CEO on A.I. push, regional bank fallout and market outlookShantanu Narayen, Adobe CEO, joins 'Closing Bell: Overtime' to discuss the push for AI, regional bank fallout and his outlook for the markets

☆ Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results
▼ + stars: | 2023-03-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Adobe shares rose 5% in extended trading on Wednesday after software maker announced fiscal first-quarter results that topped Wall Street estimates and lifted its full-year foercast. Here's how the company did:Earnings: $3.80 per share, adjusted, vs. $3.68 per share as expected by analysts, according to Refinitiv. $3.80 per share, adjusted, vs. $3.68 per share as expected by analysts, according to Refinitiv. For the second quarter, Adobe expects earnings per share of $3.75 to $3.80 on an adjusted basis and $4.75 billion to $4.78 billion in revenue. Analysts surveyed by Refinitiv had been expecting $3.76 per share in adjusted earnings and $4.76 billion in revenue.

☆ Adobe’s lose-lose Figma bind
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Feb 24 (Reuters Breakingviews) - Adobe’s (ADBE.O) $20 billion Figma deal is too expensive, and yet boss Shantanu Narayen is punished for losing it. Adobe’s shares tumbled over 7% on Friday after Bloomberg reported the previous night that U.S. antitrust enforcers might block it. That conflicts with the initial reaction to the cash-and-stock deal, when shares crashed 16% on announcement in September. Startups like Figma and peer Canva leapfrogged Adobe in tools allowing multiple users to work on a document simultaneously. That’s why losing Figma also hurts: The deal is an expensive bridge to a new future.

☆ Adobe’s CEO Sizes Up the State of Tech Now
▼ + stars: | 2023-01-09 | by ( Chip Cutter | Photographs Carolyn Fong For The Wall Street Journal | ) www.wsj.com time to read: 1 min

For all the turmoil in the technology industry in 2022, Adobe Inc. Chief Executive Shantanu Narayen says the questions he and other executives keep asking these days are relatively timeless. “Are you looking around the corner adequately?” the 59-year-old asks. “How do you—in addition to ensuring that you have the right strategy—execute against it?”

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