Adobe raises full-year revenue forecast on robust software demand

By Zaheer Kachwala

FILE PHOTO: Figurines with computers and smartphones are seen in front of Adobe logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy.

Shares of the San Jose, California-based company jumped more than 16% in extended trading.

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