TLDR Tech / IT
Adobe reports $6.4 billion Q1 revenue and CEO's planned departure
Adobe surpassed Q1 expectations with $6.4 billion in revenue, marking a 12% year-over-year increase. While projecting Q2 revenue up to $6.48 billion, the company announced that long-serving CEO Shantanu Narayen will step down. This transition follows strong financial performance and adjusted EPS exceeding analyst estimates.
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