Adobe beats first-quarter revenue estimates on strong software demand
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Adobe beat Wall Street expectations for first-quarter revenue on Wednesday, benefiting from strong spending on its portfolio of design products that boast artificial intelligence features. The company reported revenue of $5.71 billion, beating estimates of $5.66 billion, according to data compiled by LSEG. Adobe reaffirmed its annual revenue forecast and its CEO said the company is "well positioned to capitalize on the acceleration of the creative economy driven by AI." Analysts and investors
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