Adobe raises annual revenue and profit targets as AI-first ARR more than doubles
Adobe raised its annual revenue and profit targets, citing that AI-first ARR more than doubled year over year. The company press release included a note that a deviation of less than 1% applies and is not applicable for per-share numbers.
Adobe raised its full-year revenue and profit targets, citing stronger performance from its AI-first offerings. The company said AI-first annual recurring revenue has more than doubled. The updated outlook applies to a deviation of less than 1%; it is not applicable for per-share numbers.