Ron Burgundy Posted September 17, 2015 Share Posted September 17, 2015 (Reuters) - Adobe Systems Inc's lower-than-expected revenue and profit forecast for the current quarter overshadowed a strong rise in net subscriptions for its Creative Cloud software suite, sending its shares down 3.5 percent in extended trading. The company also said on Thursday that David Wadhwani, head of its digital media, was leaving to pursue a CEO opportunity. Adobe has been switching to web-based subscriptions from traditional licensed software to help attract more predictable recurring revenue. View the full article Quote Link to comment Share on other sites More sharing options...
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