Adobe Inc. gave a profit forecast for the current quarter that topped analysts’ estimates as more customers sign up for subscriptions to its digital marketing and customer analysis software.
Sales will be about $3.88 billion in the period ending in August, the San Jose, California-based company said Thursday in a statement. Analysts, on average, estimated $3.83 billion, according to data compiled by Bloomberg. Profit, excluding some items, will be about $3 a share. Analysts projected $2.90. Digital experience subscription sales will rise 25% and digital medial software revenue will increase 22%, the company said.
Chief Executive Officer Shantanu Narayen has