Adobe Systems Inc, the maker of Photoshop and Acrobat software, reported better-than-expected quarterly profit and revenue, helped by higher subscription sales of its Creative Cloud and Marketing Cloud suites. Adobe’s shares rose 8.6 percent in after-hours trading. “These results reflect Adobe is continuing to execute well through its transition to the cloud, which continues to […]
Four major Silicon Valley companies have formally agreed to pay $324.5 million to settle claims brought by employees who accused them of limiting competition by colluding not to poach each others talent. The settlement, between Apple Inc, Google Inc, Intel Corp, Adobe Systems Inc and roughly 64,000 workers, was disclosed in papers filed late on […]
(Reuters) – Adobe Systems Inc said on Friday that access to its Creative Cloud was restored following an outage that disrupted the Web-based, subscription service to top-selling software programs including Photoshop, Illustrator and Flash for about a day. Customers can apply to get compensation for the outage, which company spokeswoman Vanessa Rios said lasted about […]
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