He said management was happy with the company's success in talent acquisition in what he called a competitive labor market.ĭuring the quarter ended June 3, the company's revenue grew 14% year over year, according to a statement. The economic environment in the quarter was "uncertain," Dan Durn, Adobe's finance chief, said on a conference call with analysts. dollar has gained strength against the euro, the Japanese yen and other currencies this year as the Federal Reserve has pushed up interest rates to stave off inflation. Microsoft and Salesforce also cited currency impact when they issued worse-than-expected projections in recent weeks.
The company pointed to the war in Ukraine, a $175 million foreign-exchange headwind, and summer seasonality.
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