“Adobe Systems can Photoshop its second-quarter results all it wants. I’m still going to be disappointed by these numbers, even if you gloss over a few of the biggest blemishes,” Anders Bylund writes for The Motley Fool.
“The maker of software for creative professionals reported a 19% year-over-year revenue gain… But for Adobe, it’s a letdown. The annual sales growth in the last three quarters was 41%, 34%, and 37%, in that order, so a mere 19% is a very weak trend,” Bylund writes.
“Color me unimpressed by Adobe. Is the company lowballing us to set itself up for a buyout by some rich rival in digital media, like Apple or Microsoft? Nah, too much conspiracy theory for my tastes,” Bylund writes. “All the same, I wouldn’t be surprised to see this corner of the market consolidate a bit — starting with Adobe.”
Full article here.
We cannot imagine that the FTC would ever approve of Microsoft buying Adobe.
MacDailyNews Note: Adobe’s market value is currently $22.8 billion. Apple’s is $151.1 billion. Apple is also debt-free and has approximately $20 billion in cash on hand currently.