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For 1Q16, $ADBE's Document Cloud revenue was $199MM and the company exited the quarter with $393MM in ARR. Across $ADBE's Creative and Document Cloud businesses, total Digital Media ARR grew to $3.13Bil as of 1Q16-end. Adobe Marketing Cloud bookings were strong, with revenue of $377MM for 1Q16, up 21% YoverY.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.