Adobe Inc 3Q22 Results | Company Insights Ep 17
In this episode, Phillip Securities' Research Analyst, Ambrish Shah, reports on Adobe Inc 3Q22 Results - Big Figma acquisition.
13% YoY revenue growth led by increasing paperless workflows and explosion in digital content creation. Adobe agreed to acquire collaborative design software firm Figma in a cash-and-stock deal worth US$20bn. The transaction was expensive and dilutive, and we believe the deal would eliminate emerging competitor as Figma poses a potential threat standalone.
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The skinny
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