Adobe reported that group sales rose 25% to a record $2,744 billion, as cloud subscription revenues rose 27% to $2.46 billion and digital media sales rose 22% to $1.89 billion.
"Thisis thegoldenageofcreativityandourvisionfor CreativeCloudistobethe creativityplatformforall.Whetheryou'reastudent,an experienced designer,aYouTuber,or a marketer,storytellingiscentraltothewayyoucommunicateand connect," said CEO Shantanu Narayen
"I chose Adobe because Adobe has all the characteristics...as a cloud king. I mean, there are two economies going on here. There's the economy of, the old economy, which I write in Real Money is the mall," said And there's the new economy which makes it so so everybody's equal. Every little merchant looks as good as every big merchant. It's the golden age of creativity as CEO [Shantanu Narayen], who's an amazing CEO, said and Adobe is the canvas that you paint on for your creativity. It's a great conference call. Everybody should read it. It's really stellar," said Jim Cramer.