Leading software company Adobe Inc. (ADBE) delivered revenue and EPS in line with analyst estimates in the fiscal fourth quarter ending December 2, 2022. Moreover, for the fiscal year 2023, the company expects total revenue of $19.10 billion to $19.30 billion and non-GAAP earnings per share of $15.15-15.45.
Last year, to expand its user base to more casual consumers, ADBE acquired Figma, a leading web-first collaborative design platform, for approximately $20 billion in cash and stock. However, this acquisition has drawn criticism over the price paid by ADBE and the target’s valuation.
