Adobe: AI expected to drive growth as Figma deal remains foggy

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City AM

By Jess Jones Photoshop owner Adobe is gearing up to post third quarter results on Thursday which, according to analysts, are looking bright for the company as it pins hopes on artificial intelligence (AI). Analyst consensus expects revenue for the design software compare to rise to $4.87bn (£3.88bn), up from $4.52bn in the third quarter last year and at the higher end of its own estimates of $4.83bn-$4.87bn. Profits are also expected to grow annually, rising 17 per cent to $3.97 per share. According to Mizuho Securities, a Japanese capital markets company, the third quarter is likely to show …

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