Sep. 5, 2014, 4:06 AM
- Apple (NASDAQ:AAPL) is adding new security features to iCloud, following the posting of celebrity photographs on the Internet from hacked accounts.
- A new layer of notifications will alert users if an effort is made to change a password, log in from a new device or restore files.
- The company will also add additional password protection by sending an extra code to a person’s mobile phone after a password is entered.
- Meanwhile, Apple, Google (GOOG, GOOGL), Intel (NASDAQ:INTC) and Adobe (NASDAQ:ADBE) have appealed the rejection of a proposed $324.5M settlement over a lawsuit which accused the four tech companies of limiting competition by conspiring not to hire each others' workers.
Jun. 18, 2014, 9:12 AM
Jun. 17, 2014, 5:35 PM
Jun. 17, 2014, 4:47 PM
- Adobe (ADBE) added 464K Creative Cloud subs in FQ2, up from 405K in FQ1 and 402K in FQ4; the base is now at 2.308M. The company now expects to end FY14 (ends in November) with 3.3M CC subs, up from a prior 3M.
- Marketing Cloud (ad tech) revenue +23% Y/Y in FQ2 to $283M, after growing 24% in FQ1. Adobe still expects at least 20% Marketing Cloud rev. growth and 30% bookings growth in FY14. LiveCycle/conferencing revenue -17% to $47.4M.
- CC annualized recurring revenue (ARR) rose by $208M in FQ2 to $1.195B, and Document Services (Acrobat) ARR by $19M to $183M. Adobe now expects to end FY14 with total Digital Media ARR of $1.925B, up from a prior $1.85B.
- With the cloud transition pushing out revenue recognition, Adobe expects FQ3 revenue of $975M-$1.025B and EPS of $0.22-$0.28 vs. a consensus of $1.02B and $0.27. Investors don't mind.
- 44% of FQ2 revenue was from subscriptions, and 53% was recurring. The deferred revenue balance rose by $48M Q/Q to $929M.
- R&D spend +2% Y/Y, sales/marketing +6%. $166M was spent on buybacks.
- FQ2 results, PR, datasheet, prepared remarks
Jun. 17, 2014, 4:19 PM
Jun. 16, 2014, 5:35 PM
May 25, 2014, 6:54 AM
- Apple (AAPL) is seeking a sales ban on nine older models of Samsung (SSNLF) phones after it won a lawsuit which found that the South Korean company infringed on three patents.
- Although Apple won $120M of the $2.2B it sought in the case, the tech giant argues that a ban would be more important than monetary damages.
- While Apple also infringed one Samsung patent, the latter has yet to pursue a ban on Apple products.
- Meanwhile, Apple, along with Adobe (ADBE), Intel (INTC) and Google (GOOG), has confirmed a report that they have agreed to pay $324M to settle claims they limited competition by conspiring not to hire each others' workers.
May 20, 2014, 12:04 PM
- Microsoft's (MSFT -0.3%) 3rd-gen Surface Pro tablet (live blog) has a display that's 1.4" larger than its predecessor, and also features a more business-friendly 3:2 aspect ratio (was 16:9 previously). The display's resolution has been upgraded to 2160x1440 from 1920x1080.
- In spite of the larger screen, the Pro 3's weight (~800g) is lower than the Pro 2's (~900g). Its most powerful model runs on an Intel (INTC -0.1%) Core i7 CPU (high-end), and revamped Type Cover accessories sport a bigger/improved trackpad. At 9.1mm thick, Microsoft declares the Pro 3 the "thinnest [Intel] Core product ever created.
- Adobe (ADBE -0.3%) VP Michael Gough has used the event to show off an upcoming touch-optimized version of Photoshop designed to be manipulated with the Pro 3's stylus.
- The Pro 3 starts at $799, albeit for an Intel Core i3 version; the Pro 2 (64GB model) was priced at $899 at launch time. Citing its form factor and display size, The Verge declares the Pro 3 is "designed to destroy the laptop."
- Though no iPad-killer, the Surface Pro has carved out a niche among business users and enthusiasts - the ARM-based Surface RT has had a rougher time. IDC estimates Windows devices had just a 3.4% tablet share in 2013, but also thinks they'll eventually grab over a quarter of the commercial segment, aided by growing convertible demand.
- Update: Microsoft says Core i5 Pro 3 models will be available on June 20. Other configurations will arrive in August.
Apr. 25, 2014, 4:54 AM
- Apple (AAPL), Google (GOOG), Intel (INTC) and Adobe (ADBE) agreed to pay $324M to settle an antitrust class-action suit accusing them of creating illegal no-hire agreements in Silicon Valley to keep wages down, Reuters reports.
- The amount is far less than the $3.4B in damages that 64,000 employees were collectively seeking. That figure could have tripled had the case gone to trial and the workers won.
- The deal was disclosed yesterday, although financial terms weren't provided.
Apr. 24, 2014, 3:54 PM
- Apple (AAPL +8.4%), Google (GOOG -0.4%), Intel (INTC - unchanged), and Adobe (ADBE -1.9%) have settled an antitrust suit accusing them of creating illegal no-hire agreements.
- Terms are undisclosed for now. 64K employees had been collectively seeking $3B in damages, and antitrust rules could in theory triple that figure in the absence of a settlement.
- The settlement comes after PandoDaily unearthed a slew of e-mails from Steve Jobs, Eric Schmidt, and others pointing to the existence of no-hire deals.
- Separately, Google has denied media reports stating Glass is now publicly available. The company says it failed to edit an order page created for Glass' April 15 sale (thus giving the impression it's still available), and will be pulling the page shortly.
Mar. 26, 2014, 10:47 AM
- SAP (SAP +0.5%) is buying Fieldglass, a top provider of cloud software for obtaining/managing contingent labor and services. The company plans to combine Fieldglass' software with Ariba's cloud procurement offerings and its SuccessFactors' cloud HR products to "deliver a platform for businesses to manage their entire workforce both temporary and permanent staff."
- Terms are undisclosed. However, Bloomberg reported shortly before SAP issued a PR that the company would be announcing a $1B+ acquisition.
- The acquisition comes as SAP strikes a reseller deal with Adobe (ADBE -0.9%) related to the latter's Marketing Cloud online ad tech platform. Marketing Cloud (sales +24% Y/Y in the Feb. quarter to $267M, was just refreshed) will be packaged with SAP's Hana in-memory database and hybris e-commerce infrastructure software to marketers.
- Given Adobe bought marketing automation software vendor Neolane last year and folded its products into Marketing Cloud, the partnership might lower the odds SAP will make a bid for Marketo (MKTO -1.3%) or another marketing automation firm, as many have expected.
Mar. 18, 2014, 5:30 PM
- Adobe (ADBE) expects FQ2 revenue of $1B-$1.05B and EPS of $0.26-$0.32, largely favorable to a consensus of $990.4M and $0.27. FY14 (ends Nov. '14) guidance is for "relatively flat" revenue growth and EPS of $1.10 vs. a consensus for 0.6% growth and $1.12. Adobe's shift to recurring revenue streams has been pushing out revenue recognition.
- 405K paid Creative Cloud subs were added in FQ1 vs. 402K in FQ4 and 331K in FQ3; the total base is now at 1.84M. Creative Cloud's annualized recurring revenue (ARR) rose to $987M from $801M at the end of FQ2. Adobe is aiming for 3M paid subs and ARR of $1.6B by the end of FY14.
- Total digital media revenue (pressured by the Creative Cloud shift) fell 7% Y/Y to $641.1M. Digital marketing revenue rose 17% to $314.4M, fueled by a 24% increase in Marketing Cloud revenue to $267M (down from 38% growth in FQ4). Adobe is shooting for FY14 Marketing Cloud revenue and bookings growth of 20% and 30%, respectively.
- Opex rose 3% Y/Y, and $263M was spent on buybacks. The deferred revenue balance rose by $52M Q/Q to $881M. 52% of revenue is now recurring.
- Shares +0.7% AH. FQ1 results, PR, datasheet, prepared remarks.
Mar. 18, 2014, 3:47 PM
Mar. 18, 2014, 12:10 AM
Mar. 17, 2014, 5:35 PM
Feb. 28, 2014, 6:35 PM
- Adobe (ADBE -1.8%) is providing $300M worth of free software licenses for Pres. Obama's ConnectEd education technology initiative. The products include Photoshop Elements, Presenter (video creation), Captivate (interactive learning), and EchoSign (electronic signatures).
- Aside from creating some good PR, the donation stands to increase the number of students and teachers comfortable using Adobe's software tools.
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Adobe Systems Inc offers a line of software and services used by creative professionals, marketers, developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling operating systems.
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