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Adobe Systems Sees Strong Quarterly Earnings

  • Reuters, Sunday, December 17, 2017 9:43 PM
Adobe Systems just reported a better-than-expected quarterly revenue and profit, which Reuters attributes to the  “strength in its digital media business, which houses its flagship product Creative Cloud.” More broadly, “The shift to cloud-based subscription has brought a more predictable revenue stream for Adobe, by selling its software through web-based subscriptions, and not through the sale of packaged-licensed software.”

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