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Adobe reports record second-quarter revenue Earnings reports News 

Adobe reports record second-quarter revenue

Adobe reported financial results for its second quarter fiscal year 2024 ended May 31, 2024. “Adobe achieved record revenue of $5.31 billion driven by strong growth across Creative Cloud, Document Cloud and Experience Cloud,” said Shantanu Narayen, chair and CEO, Adobe. “Our highly differentiated approach to AI and innovative product delivery are attracting an expanding universe of customers and providing... Read More
Adobe unveils Firefly-powered generative remove in Lightroom News Updates 

Adobe unveils Firefly-powered generative remove in Lightroom

Adobe unveiled Generative Remove in Adobe Lightroom, bringing Adobe Firefly directly into everyday photo editing workflows across Lightroom mobile, web and desktop surfaces. Generative Remove is Lightroom’s most powerful remove tool yet, giving everyone the power to remove unwanted objects from any photo non-destructively in a single click by intelligently matching the removed area with pixel perfect generations for high-quality, realistic and... Read More
Adobe introduces Firefly Image 3 model for Photoshop News Updates 

Adobe introduces Firefly Image 3 model for Photoshop

Last week, Adobe debuted Adobe Firefly Image 3 Foundation Model, the next major release in its family of creative generative AI models, is available (beta) in Photoshop and the Firefly web application. Firefly Image 3 includes higher-quality image generations, better understanding of prompts, new levels of detail and variety and significant improvements that enable fast creative expression and ideation, the... Read More
Adobe adds generative AI to Adobe Premiere News Updates 

Adobe adds generative AI to Adobe Premiere

Adobe previewed generative AI innovations within Adobe Premiere Pro, at NAB 2024. The company said these new editing workflows will be powered by a new video model that will join the family of Firefly models including Image, Vector, Design, and Text Effects. Adobe is continuing to develop Firefly AI models in the categories where it has deep domain expertise, such... Read More
Adobe reports record revenue in Q1 Fiscal 2024 Earnings reports News 

Adobe reports record revenue in Q1 Fiscal 2024

Adobe reported financial results for its first quarter fiscal year 2024 ended March 1, 2024. “Adobe drove record Q1 revenue demonstrating strong momentum across Creative Cloud, Document Cloud and Experience Cloud,” said Shantanu Narayen, chair and CEO, Adobe. “We’ve done an incredible job harnessing the power of generative AI to deliver groundbreaking innovation across our product portfolio.” “Adobe’s Q1 results... Read More
Adobe previews AI-powered object-aware editing New Products 

Adobe previews AI-powered object-aware editing

At Adobe Max, Adobe Inc. unveiled Project Stardust, a new object-aware editing engine using generative AI to edit images, and its latest early-stage innovations, highlighting exciting new uses of generative AI and 3D technologies across multiple creative domains, including photo, video, audio, 3D, design and fashion applications. The 11 inventions are featured in Adobe’s annual “Sneaks” showcase, where Adobe engineers... Read More
Adobe changing up Creative Cloud syncing policy News 

Adobe changing up Creative Cloud syncing policy

Adobe Inc. is changing its cloud storage syncing policy effective Feb. 1, 2024. Free and personal accounts will no longer be able to use Adobe Creative Cloud Syncing in February, while enterprise and teams business accounts have until Oct. 1, 2024. Adobe Creative Cloud sync allows users to save files locally in a folder called “Creative Cloud Files”; then those... Read More
Fujifilm collaborates with Adobe for direct camera-to-cloud feature New Products 

Fujifilm collaborates with Adobe for direct camera-to-cloud feature

FUJIFILM North America Corp. announced a collaboration with Adobe to develop a new firmware for the FUJIFILM X-H2S digital camera (X-H2S) with FUJIFILM X-H file transmitter battery grip accessory (FT-XH) that will provide the first native Camera-to-Cloud (C2C) integration capability for digital still cameras, powered by Frame.io. The upcoming firmware, expected to release in spring 2023, for X-H2S enables production... Read More
Adobe reports record revenue in first-quarter fiscal 2022 Earnings reports 

Adobe reports record revenue in first-quarter fiscal 2022

Adobe reported first-quarter financial results 2022. Adobe achieved record revenue of $4.26 billion, which represents 9 percent year-over-year growth or 17 percent adjusted year-over-year growth “Adobe achieved record Q1 revenue as Creative Cloud, Document Cloud and Experience Cloud continue to be pivotal in driving the digital economy,” said Shantanu Narayen, chairman and CEO, Adobe. “Adobe is committed to empowering individuals,... Read More
Adobe reports record fourth quarter and fiscal 2021 revenue Earnings reports News People on the Move 

Adobe reports record fourth quarter and fiscal 2021 revenue

Adobe reported financial results for its fourth quarter and fiscal year 2021 ended Dec. 3, 2021. Adobe achieved revenue of $4.11 billion in its fourth quarter of the fiscal year 2021, which represents 20 percent year-over-year growth. “Adobe’s record performance in Q4 resulted in fiscal 2021 revenue exceeding $15 billion,” said Shantanu Narayen, chairman and CEO, Adobe. “Adobe’s vision, category... Read More
Adobe reports record $3.94 billion third-quarter revenue Earnings reports 

Adobe reports record $3.94 billion third-quarter revenue

Adobe reported record revenue of $3.94 billion in its third fiscal quarter of 2021, which represents 22 percent year-over-year growth, for the period ending Sept. 2. “Adobe had another outstanding quarter as Creative Cloud, Document Cloud and Experience Cloud continue to transform storytelling, learning and conducting business in a digital-first world,” said Shantanu Narayen, president and CEO, Adobe. “Our talented... Read More
Adobe updates Photoshop for M1 Macs, adds Super Resolution to Camera RAW New Products News 

Adobe updates Photoshop for M1 Macs, adds Super Resolution to Camera RAW

Apple’s new M1 mobile chip got a big endorsement from the graphics community with the release by Adobe Inc. of Photoshop for M1. The application now runs natively on the M1 chip and provides faster performance, the company said. “Our internal tests show a wide range of features running an average of 1.5X the speed of similarly configured previous generation... Read More
Industry Notes for the week of Jan. 25 Earnings reports People on the Move Updates 

Industry Notes for the week of Jan. 25

Events Photopia event gains the support of German photographic industry The photo and imaging trade show Photopia planned for Sept. 23 to 26, 2021 in Hamburg, Germany, has announced a cooperation with the German Photographic Industry Association (PIV), according to World of Photo. The four-day photo and video festival is set to enable “photo enthusiasts from all over the world to experience the latest... Read More