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

Adobe outlined its plan to expand its addressable market and enable enterprises to pursue digital transformation efforts.

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.

Previously: Adobe adds social analytics to Creative Cloud, Premiere Pro | Adobe intros AI framework Sensei, teases Project Felix for Creative Cloud

Meanwhile, Adobe said it will infuse artificial intelligence into its applications. The Adobe stack looks like this:

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The general theme based on a series of presentations is that Adobe can expand its addressable market via the enterprise and cross leveraging its clouds. The marketing cloud is seen the primary way Adobe can penetrate the enterprise in digital transformation deals.

As for the financial projections, here's what Adobe outlined.

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