Adobe sees $7 billion in revenue ahead, plans to embed AI, machine learning in its cloud services

Adobe said that its fiscal 2017 revenue will be about $7 billion, up 20 percent from the previous year, as its cloud products continue to post strong growth. The company outlined its projections at an analyst meeting held at its Adobe Max conference. Adobe projected non-GAAP earnings for fiscal 2017 of about $3.75 a share. CEO Shantanu Narayen will tell analysts that the company's plan revolves around advancing content creation, digital transformation and creating experiences. Meanwhile, Adobe said it will infuse artificial intelligence into its applications.