Adobe AI-First ARR Tops $650 Million, Up More Than 150% Year Over Year
Photo: TokenPost
Adobe’s AI-first ending annualized recurring revenue topped $650 million after rising more than 150% year over year. Skyworks had completed its Qorvo combination on Oct. 5, before the week of broad technology-stock losses. The Nasdaq Composite lost 4.5% for the week through Oct. 16, its largest weekly decline since June. The S&P 500 slipped 1.9%, while the Dow Jones Industrial Average advanced 0.7%. At the 4 p.m. ET (2000 UTC) close on Oct. 16, Adobe ended at $245.20, down 2.57%, and Skyworks finished at $79.70, up 0.76%. Adobe’s fiscal third quarter ended Aug.
Source: TokenPost
