Adobe's plans for artificial intelligence are missing expectations - financial experts are concerned

Adobe's plans for artificial intelligence are missing expectations - financial experts are concerned

According to a report by www.finanzen.net, the US software company Adobe did not meet expectations for its artificial intelligence (AI) programs for the new financial year. Analysts expected the increase in sales to around 21.4 billion US dollars (19.8 billion euros) for the current 2023/24 financial year to be lower, which led to a fall in the price of Adobe shares by 6.35 percent. Adjusted earnings per share are also below analysts' expectations.

CEO Shantanu Narayen and CFO Dan Durn are still positive about the future and emphasize that Adobe is setting its business forecasts cautiously in order to have the chance to exceed them. Investors were hoping that Adobe could benefit early from the hype surrounding the AI ​​technology that was implemented in the new versions of the software and with price increases.

However, the potential for significant penalties associated with subscription cancellations and the Federal Trade Commission's investigation could have a material impact on the Company's financial results and operations.

This news has a significant impact on the market and could affect investor confidence in the software sector. The negative decline in Adobe shares shows that investors are disappointed with the business forecasts and confidence in the company is dwindling. It will be important to monitor how Adobe handles the ongoing investigations and whether the company is able to meet investor expectations going forward.