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☆ Adobe stock climbs on a more profitable quarter than predicted
▼ + stars: | 2022-12-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Here's how the company did:Earnings: $3.60 per share, adjusted, vs. $3.50 per share as expected by analysts, according to Refinitiv. $3.60 per share, adjusted, vs. $3.50 per share as expected by analysts, according to Refinitiv. Revenue: $4.53 billion, vs. $4.53 billion as expected by analysts, according to Refinitiv. In the previous quarter revenue rose by 13%. In the quarter Adobe said it would buy design software startup Figma for about $20 billion in the 40-year-old public company's largest transaction to date.

☆ Here's what Black Friday sales tell us about the retail sector — and our top pick
▼ + stars: | 2022-11-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

The holiday shopping season got off to a solid start over the weekend, as Black Friday's online sales beat expectations and started to build some much-needed momentum for the retail sector. According to Adobe's online sales tracker, consumers shelled out a record $9.12 billion shopping online on Black Friday. In another early look report, traffic on Black Friday at brick-and-mortar retail stores rose about 3% over 2021, according to retail tracker Sensormatic, which attributed the rise to increased promotional activity and "favorable in-store experiences." The analysts point out that this year's holiday shopping calendar is one day longer than in 2021. Bottom line With holiday shopping underway, we continue to like off-price retailers in these trying times.

☆ Discounting drives some increased demand in goods like furniture and jewelry, says Adobe's Brown
▼ + stars: | 2022-11-28 | 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 EmailDiscounting drives some increased demand in goods like furniture and jewelry, says Adobe's BrownPatrick Brown, Adobe VP of growth marketing and insights, joins 'TechCheck' to discuss what stands out to his following last week's record-breaking Black Friday, newer trends Black Friday highlighted and more.

☆ Death of the doorbuster: Black Friday shatters online shopping record with more than $9 billion in sales as in-store participation wanes
▼ + stars: | 2022-11-26 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Black Friday online sales reached a record-high of $9.12 billion, according to Adobe Analytics. Adobe said online sales growth was driven by increased use of buy-now-pay-later options. Black Friday shoppers shattered online sales records this year, reaching $9.12 billion, up from 2.3% in 2021, according to Adobe Analytics data. Electronics largely led online sales growth, alongside other top categories like audio equipment, toys, and exercise equipment, the findings showed. Looking ahead, Adobe predicts additional growth on Cyber Monday, still the biggest online shopping event of the season, with a forecast of $34.8 billion in online sales, up 2.8% from last year.

☆ Black Friday online sales top $9 billion in new record
▼ + stars: | 2022-11-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe, which tracks sales on retailers' websites. Overall online sales for the day after Thanksgiving were up 2.3% year over year, and electronics were a major contributor, as online sales surged 221% over an average day in October, Adobe said. Black Friday shoppers also broke a record for mobile orders, as 48% of online sales were made on smartphones, an increase from 44% last year. Typically, shoppers spend about $2 billion to $3 billion online in a day, according to Adobe. Adobe expects consumers to spend $4.52 billion on Saturday and $4.99 billion on Sunday, ahead of the year's biggest online shopping day, Cyber Monday.

☆ Black Friday online sales to hit record despite high inflation -Adobe Analytics
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +2 min

Nov 25 (Reuters) - U.S. online spending is expected to set a record for Black Friday, according to Adobe Analytics, as steep discounts lured consumers against the backdrop of high inflation, kicking off the year's biggest shopping event on a strong note. Initial numbers from Adobe Analytics, the data and insights arm of software company Adobe Inc (ADBE.O), showed shoppers are expected to spend between $9 billion and $9.2 billion online on Friday, topping its forecast for a modest 1% rise to $9 billion. As of 6 p.m. EST (2300 GMT) on Friday, Adobe data showed shoppers spent an estimated $7.28 billion online. More Americans placed orders through their smartphones over the holiday, with mobile shopping expected to drive 53% of Black Friday online sales. "As Black Friday discounts transition to being pre-Cyber Monday discounts, we expect online spending momentum to continue through the weekend."

☆ Early holiday shopping boosts October online spending - report
▼ + stars: | 2022-11-10 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

Nov 10 (Reuters) - U.S. consumer spending rose in October as inflation-weary consumers took advantage of early holiday shopping discounts and deals offered by retailers including Amazon.com Inc and Walmart Inc (WMT.N), according to a report. Adobe Analytics reported online spending rose 10.9% to $72.2 billion in October compared with the prior month, but was on par with $72.4 billion a year earlier. According to the report, sales of holiday décor rose 189%, compared to daily average sales in August. Early October, Adobe forecast online sales in November and December to rise 2.5% to $209.7 billion, compared with an 8.6% increase a year earlier, as people would bring forward purchases to as early as October. However, this is expected to be the slowest pace at which U.S. online holiday sales will rise since at least 2015.

☆ Hot startups like Miro and Canva are racing to dominate virtual whiteboards, an emerging category of workplace tools that sparked Adobe's $20 billion bid for Figma
▼ + stars: | 2022-11-04 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

Virtual whiteboards are becoming essential workplace tools, as evidenced by Adobe's bid for Figma. The $20 billion price tag only further signaled the boom around virtual whiteboards, which allow users to collaborate visually and are quickly becoming essential tools alongside videoconferencing and workplace messaging. Besides Figma, Miro has gained momentum over the past two years, growing to 40 million users from 5 million users. But industry insiders think virtual whiteboards will become just one piece of a visual-collaboration arena. As a result, companies like Miro, Canva, and Lucid are on similar paths toward becoming larger visual-communications platforms.

☆ U.S. DOJ preparing to probe Adobe's $20 bln Figma deal - Politico
▼ + stars: | 2022-11-02 | by ( Shadia Nasralla | Svea Herbst-Bayliss | ) www.reuters.com time to read: +1 min

Nov 2 (Reuters) - The U.S. Department of Justice is preparing to open an investigation into Adobe Inc's (ADBE.O) $20 billion takeover of Figma, Politico reported on Wednesday, citing four people with knowledge of the matter and a document it viewed. The DOJ has been reaching out to customers and competitors of Adobe and Figma, as well as Figma's venture capital investors, in recent weeks, according to the report. "Adobe and Figma today are not meaningful competitors," Adobe said in an emailed statement. Figma and the DOJ did not immediately respond to Reuters' requests for comment. The exact timing of the probe is unclear, Politico said, adding that the companies are still in the review period mandated by law.

☆ After leading $20 billion Figma deal, Adobe's David Wadhwani is in prime spot to be next CEO
▼ + stars: | 2022-10-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +15 min

The business Wadhwani oversees is roughly three times the size as Chakravarthy's in terms of revenue. For Wadhwani, Figma represents a risky bet on growth at a time when Wall Street is telling tech companies to tighten their belts and preserve cash. The make-or-break betIn his 15-year tenure as CEO, Narayen hasn't been shy about dealmaking, just at a smaller size. And it might be Wadhwani's make-or-break opportunity to prove he should be CEO of the fourth-biggest U.S. business software company by market cap. Shantanu Narayen, CEO, Adobe Mark Neuling | CNBCThe revenue became more predictable and less closely associated with product releases.

☆ 14 cloud companies that could be acquired, as PE giants Thoma Bravo and Sunstone prepare to buy UserTesting for $1.3 billion
▼ + stars: | 2022-10-27 | by ( Stephanie Palazzolo | Paayal Zaveri | ) www.businessinsider.com time to read: +4 min

Adobe's $20 billion bid for Figma reopened conversations about what's ahead for software startups. More recently, UserTesting is set to be acquired by PE firms Thoma Bravo and Sunstone for $1.3 billion. These are 14 private and public software companies that analysts think could be acquisition targets. On October 27, 2022 private equity giants Thoma Bravo and Sunstone partners announced they intend to acquire UserTesting for $1.3 billion. Here are 15 private and public software companies that analysts and experts think are likely acquisition targets.

☆ From Apple AirPods and Squishmallows to 'Encanto' toys, here are some of the most anticipated gifts this holiday season, according to Adobe
▼ + stars: | 2022-10-27 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +9 min

"The shape of the holiday season will look different this year, with early discounting in October," Patrick Brown, Adobe vice president of growth marketing and insights, said in a statement. Here are the toys, gaming devices, games, and other gifts that Adobe predicts will be the most popular items this holiday season. SquishmallowsThe stuffed animals come in all sizes, shapes, and colors and are expected to once again be popular this holiday season. Xbox Series XThe Xbox Series X is the fastest, most powerful Xbox yet, per Microsoft. Apple Watch Series 8/UltraThe new Apple Watch Series 8 comes in eight different colors, with either a 41-millimeter or 45-millimeter case.

☆ These 16 cloud-software companies could be acquired by tech giants or private equity as the economy sours, according to RBC analysts
▼ + stars: | 2022-10-18 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +3 min

Here are the 16 software firms RBC analysts say are M&A targets for tech giants and private equity. More software M&A is in the forecast as valuations and stock prices continue to drop — and private companies aren't the only ones likely to get gobbled up. Additionally, private-equity firms will likely continue snapping up public cloud-software companies and taking them private while prices are low, according to analysts. "In other words, we believe larger scale debt-financed private-equity takeouts could be unlikely in the near-term," RBC analysts wrote. Here are the 16 software firms that are M&A targets, according to RBC analysts:

☆ Adobe CEO Shantanu Narayen: We're looking to build this company for the long run
▼ + stars: | 2022-10-18 | 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: We're looking to build this company for the long runAdobe CEO Shantanu Narayen joins 'TechCheck' for an exclusive CNBC interview to discuss long-term investment opportunities in the current macroeconomic environment, Adobe's Figma acquisition and the company's mission to accelerate collaboration technology.

☆ How creative storytelling tools can help global nonprofits make a difference
▼ + stars: | 2022-10-18 | by ( Sponsor Post | Created Adobe With Insider Studios | ) www.businessinsider.com time to read: +5 min

Beyond organizations, Adobe tools also help individuals create Pride campaigns, share Hispanic Heritage Month stories, and amplify other important social causes. Today, the company is proud to further its mission with Adobe Express for Nonprofits. "Having a user-friendly tool to quickly create professional-looking, on-brand designs is a game changer for us. Adobe Express for Nonprofits also includes tutorials – some specifically created for and by nonprofits – so even first-timers can quickly achieve great results. Adobe Express for Nonprofits also leverages features from Adobe Acrobat, including converting and exporting PDFs, used in everything from forms and contracts to flyers and posters.

☆ New Adobe software tools aim to aid 3D content creation for metaverse
▼ + stars: | 2022-10-18 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Oct 18 (Reuters) - Adobe Inc (ADBE.O) on Tuesday released a set of new software tools designed to make it easier to create three-dimensional digital objects for marketing campaigns, video games and the metaverse. But in recent years Adobe has also invested in creating three-dimensional content, a field dominated by video-game centric firms like Unity Software Inc (U.N). Such content is expected to factor prominently in the metaverse, the virtual world that Meta Platforms Inc (META.O) and others are counting on for future revenue growth. "It's only with augmented reality and with 3D that you can do that," Cottin said. The second Adobe tool released Tuesday allows artists to switch between editing a three-dimensional object on a desktop computer to manipulating it with their hands in a virtual reality headset.

☆ Adobe stock jumps on estimates for next year as strong dollar cuts into growth
▼ + stars: | 2022-10-18 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Shantanu Narayen, chairman and chief executive officer of Adobe Systems Inc., during a telecast of the SoftBank World event in Tokyo arranged in Kawasaki, Kanagawa Prefecture, Japan, on Thursday, Oct. 29, 2020. SoftBank World, the company's annual two-day event for customers and suppliers, ends Friday. The forecast excludes impact from its planned $20 billion acquisition of design software startup Figma, which is expected to close in 2023. Analysts polled by Refinitiv had expected adjusted earnings of $15.53 per share on $19.82 billion in revenue. WATCH: The design space overall has a lot of room to run, says Bessemer Venture Partners' Elliott Robinson

☆ 'Black Friday is here': Holiday sales are already on, with record-breaking deals
▼ + stars: | 2022-10-13 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Amazon's Prime Early Access Sale may be over, but the discounts have only just begun. "Black Friday is here," said Julie Ramhold, a consumer analyst at DealNews.com, noting that sales that traditionally rolled out on the Friday after Thanksgiving Day are starting earlier this year. In addition to Amazon, big-name retailers like Target, Walmart and Best Buy are also getting a jump on the holiday shopping season with discounts on all types of gifts. Excess inventory is playing a role in the price cuts, said Deborah Weinswig, founder and CEO of Coresight Research. Shoppers should look for retailers to experiment with pricing strategies, as well, Weinswig predicted, including more discount codes and bundled offers.

☆ Microsoft launches Designer, its answer to highly valued startup Canva
▼ + stars: | 2022-10-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Microsoft is launching a simple graphic design app called Designer that will be available for free and as part of Office productivity software subscriptions, the company said Wednesday. Microsoft has sought to demonstrate the value of Office subscriptions by adding new capabilities, and earlier this year it raised the prices of some bundles aimed at businesses. With its Designer app, Microsoft is initially aiming at consumers, a spokesperson told CNBC in an email. The launch of Designer might also make Microsoft bump up against Adobe , which fields the free Adobe Express tool that features templates and stock images. Once the app becomes generally available, Microsoft will maintain a free tier, along with a premium version for those with Microsoft 365 Personal and Microsoft 365 Family subscriptions, the spokesperson said.

Oct 10 (Reuters) - U.S. online holiday sales are expected to rise this year at their slowest pace since at least 2015, according to a report, as shoppers feel the brunt of decades-high inflation and soaring interest rates. Adobe Analytics forecast online sales in November and December to rise 2.5% to $209.7 billion, compared with an 8.6% increase a year ago, as more people also return to in-store shopping and bring forward purchases to as early as October. This is another sign of a gloomy holiday season, with FedEx Corp's (FDX.N) Ground division expecting to lower volume forecasts to reflect customers' plans to ship fewer holiday packages. Last month, Mastercard's (MA.N) SpendingPulse report also forecast a slowdown in shopping for the holidays. Black Friday online sales are expected to grow just by 1% and Thanksgiving sales are anticipated to fall 1%, the Adobe report said.

Adobe's Photoshop Elements and Premiere Elements 2023 add creative features that require no editing experience. Photoshop Elements 2023 and Premiere Elements 2023 cost $100 each or bundled for $150. You can also upgrade from any previous version for $80 for either Photoshop Elements or Premiere Elements, or both for $120. Adobe Photoshop Elements 2023 & Premiere Elements 2023 For the 2023 version, Adobe Photoshop Elements and Premiere Elements have been optimized for faster performance, especially on Apple M1 computers. Improved performance on Apple M1 computersAdobe said Photoshop Elements and Premiere Elements 2023 have faster launch times — up to 70% — on Macs that use Apple's M1 processor.

☆ Everything you'll need to know about Amazon's second Prime Day
▼ + stars: | 2022-09-27 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

That's right: Amazon has confirmed it's hosting another Prime Day-esque event, slated to take place next month. It's official: Amazon is hosting a second "Prime Day" sales event. Here's what we know so far:The "Prime Early Access Sale," will be held on October 11 and 12. As with Prime Day, the Prime Early Access Sale is exclusively available to Amazon Prime subscribers. But as long as you sign up before the event ends on October 12, you'll be able to partake.

☆ Designers say Figma gave them 'superpowers.' With Adobe's $20 billion takeover, some think the beloved startup is as good as dead.
▼ + stars: | 2022-09-27 | by ( Paayal Zaveri | Jessica Xing | ) www.businessinsider.com time to read: +9 min

When Adobe announced its $20 billion bid for Figma, the design community was immediately concerned. When Adobe announced it was acquiring the design startup Figma for $20 billion, designers were quick to express their discontent over the blockbuster deal. So when Adobe announced its intention to buy Figma, much of the design community was immediately concerned. Designers worry Figma will become less accessibleWhile Field's committment to keeping prices the same for now may reassure some, others are skeptical. And some designers Insider spoke to say the acquisition could even benefit companies that have been paying a hefty bill for both.

☆ Adobe's product chief opens up about why its Figma competitor failed: 'XD was made in the image of the old'
▼ + stars: | 2022-09-24 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Before acquiring Figma, Adobe had a similar product, Adobe XD, that failed to take off. That's one of the main reasons Adobe wants to join forces with Figma, Scott Belsky, Adobe's chief product officer, told Insider. He acknowledges that Adobe's rival tool for product design, called Adobe XD, wasn't successful. Why Adobe XD never took offAdobe created Adobe XD in 2016 because it saw a lot of people using Photoshop for website building. As a desktop product, XD used local files and wasn't collaborative.

While loans can be cheaper than issuing bonds, shorter-term debt is currently more expensive than longer tenors. Typically companies take a bridge loan to fund mergers but then pay it down with a long-dated bond issue before closing. The tech giant also doubled the size of its commercial paper program to $6 billion and said that it could expand the size of the term loan to $6 billion. "If a term loan is necessary due to timing of the deal closing, we expect to pay it back quickly," the company said. In the market for junk bonds, for example, some companies are paying higher rates to raise funds.

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