Adobe Systems (ADBE) is expected to show continued momentum from its move to the Internet cloud when it reports fiscal second-quarter earnings after the market close Tuesday. The maker of digital media creation software has seen its shares rise this year on investor enthusiasm for its business transition. Adobe is seeing improving profitability after shifting the bulk of its creative professional customers from licensed software to subscriptions
As more viewers step away from their TVs to watch video content on mobile devices, Apple (AAPL) and its iOS system are becoming even more dominant, according to a report released Thursday by Adobe Digital Index, a research unit of software maker and digital ad services provider Adobe Systems (ADBE). The Apple iOS system’s share of consumers’ premium video viewing rose to 47% in Q1 from 43% in Q1 2014, with the growth “coming mainly from large
Adobe Systems (ADBE) reported better-than-expected sales and earnings for its fiscal first quarter late Tuesday, but investors focused on one number that disappointed: new subscribers to Adobe’s Creative Cloud. The media software company added 517,000 net new subscribers to its Creative Cloud, up 28% year over year and bringing the total to 3.97 million subscribers. But Wall Street analysts were looking for 573,000 additions for the quarter ended Feb. 27. Adobe stock was down 3.5%, below 77, in midday trading on the stock market today. “We think it was a good number, but people would have liked to have seen more,” Adobe Chief Financial Officer Mark Garrett told IBD. “It was a really good quarter and if you’re going to focus just on the 517 (thousand new subscribers), you’re missing the bigger story anyway.” Creative Cloud subscriber additions in Q1 were reduced by a reporting change, he said. With the…