India, June 13 -- Software major Adobe Inc. issued third-quarter outlook and raised its fiscal 2025 earnings and revenue targets after reporting higher second-quarter profit, above market estimates, amid strong growth in the adoption of AI-powered and creative solutions.
Meanwhile, the shares were down nearly 2 in the extended trading on Thursday, and are currently losing in the pre-market activity on the NYSE.
Dan Durn, executive vice president and CFO, Adobe, said, "As a result of us driving strong performance in the first half of the year, we are pleased to raise Adobe's FY25 total revenue and EPS targets. We continue to invest in AI innovation across our customer groups to enhance value realization and expand the universe of customers...