Chastity Mansfield Follow I'm a writer, an amateur designer, and a collector of trinkets that nobody else wants. You can find me on Noozeez, and Twitter.

Adobe shares fly to record heights on the cloud

December 14, 2013 18 sec read

Adobe’s fourth-quarter profit fell and its overall revenue shrank, it reported Thursday. But its shares are soaring to a record today, thanks to some cloudy news. The cloud we speak of is where Adobe has been moving its software business since late 2011.

Adobe Systems Inc. (ADBE) rose to a record after the company said yesterday that it signed up online customers at a faster-than-projected clip, adding to evidence the largest maker of graphic-design software is reducing its dependence on the slumping personal-computer market.

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Chastity Mansfield Follow I'm a writer, an amateur designer, and a collector of trinkets that nobody else wants. You can find me on Noozeez, and Twitter.

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