America Movil ADR

Adobe delivered a solid result and managed an all-around beat in the last quarter. The company had $4.82 billion in revenue, growing by 13% year over year. In the quarter, they generated $659 million in Document Cloud revenue, up 14% year on year. Adobe’s Digital Media division is also thriving. They are releasing ground-breaking improvements across Creative Cloud and Document Cloud at a breakneck pace. Their expanding product portfolio is reaching a greater range of clients, and the incredible go-to-market strength and data-driven operational strategy are accelerating the growth of both their growing and established businesses. The company introduced Generative Recolor. This feature will act as a generative AI copilot for millions of artists as they iterate and modify vector art. Additionally, Adobe introduced a brand-new version of Adobe Express with Firefly generative AI capabilities, which is revolutionizing the way everyone creates and distributes exceptional content. In the words of the management, Adobe Express combines speed, ease of use, power, and precision with the brilliance of its technologies from Photoshop, Illustrator, Premiere, and Acrobat. NVIDIA and Adobe have also collaborated on generative AI enhancements in hardware and software. Furthermore, the proposed acquisition of Figma is anticipated to broaden the company’s target market. We give Adobe Inc. a ‘Hold’ rating with a revised target price.