Adobe announced that its fiscal first-quarter results topped Wall Street estimates and that the company is looking to increase its Profit Forecast for the fiscal year. The company's Digital Media segment generated $3.4 billion in revenue, up 9% from a year ago. The company's Digital Experience segment, which features Marketo marketing software, contributed $1.18 billion in revenue, just above the $1.17 consensus among analysts polled by StreetAccount.

The post Adobe Lifts Profit Forecast for fiscal 2023 and beats estimates on quarterly results appeared first on Balanced News Summary.