Adobe 3Q Sales Miss Estimates Amid Shift to Cloud

Adobe 3Q Sales Miss Estimates Amid Shift to Cloud

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Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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NASA has awarded contracts to Boeing and SpaceX for ferrying astronauts to the ISS, with Boeing's contract potentially worth $4.2 billion and SpaceX's $2.6 billion. Sierra Nevada Corp was not selected. Ruby Systems is facing difficulties as it transitions to a cloud-based model, with only a 1% sales increase and a 46% profit drop in the third quarter. However, it has increased its Creative Cloud subscribers by 22%. Rackspace has decided to remain independent after a strategic review and has promoted Taylor Rhodes to CEO, despite a drop in share prices.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the percentage drop in profit reported by Ruby systems in the third quarter?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What decision did Rackspace hosting make after its strategic review?

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