I remain upbeat about the shares of Adobe Systems, a diversified software company. It is a leader in the creative content area. When thinking about creating advertisements and Web pages, Adobe dominates that space in terms of its software tools that the creative people use. It has close to a 50% market share. Adobe has spent the past three years shifting most of its business from selling packaged software to persuading customers to sign up to use its programs on the Web. While revenues declined in 2013, the year after the transition began, they have recovered as customers got used to the new model and the company attracted new buyers. The company’s financials for its fiscal 2015 third quarter were solid. Revenues grew 21% y-o-y to $1.22 bn as Adobe saw stable demand across all of its markets around the world. The growth was driven by subscription revenues that jumped 51.5% to $829 mn. Subscribers to Adobe’s Creative Cloud rose by 684,000 to 5.33 mn while analysts on average had predicted an increase of 640,000. Adjusted earnings per share soared 92.9% y-o-y to 54 cents topping consensus estimate of 50 cents. For the fourth quarter of fiscal 2015 that ends in November, Adobe expects adjusted EPS of 56-62 cents on revenues of $1.28-1.33 bn. The number of subscribers for Creative Cloud by the end of the current fiscal year is forecast at 5.9 mn. Besides, the company is seeking to boost the number of users for its marketing products and a new service called the Document Cloud, which debuted earlier this year. Adobe also forecast revenues of USD 5.7 bn and adjusted earnings of USD 2.70 per share for the year that ends Nov 2016. Recently, Adobe’s shares surpassed a $89 resistance level. The stock, in my opinion, looks nice for medium-term investment, with the nearest aim at $100. $ADBE, Adobe Inc. / 1440