Adobe's CEO On The Company's Cloud Business

Adobe Systems Incorporated (NASDAQ: ADBE) is flying high today on the spectacular quarterly results the company announced yesterday after market closed on Thursday. The icing on the cake was the significant number of customers Adobe added to its cloud platform.

Adobe CEO, Shantanu Narayen, was recently on CNBC to discuss the company’s the overall US business sentiment and the company’s recent acquisition.

“Well, I think, we have pretty unique insights […] our digital marketing business, we are processing over 30 trillion data transactions and the move online and the need for every company, whether you are in publishing or retail or automotive or travel to make sure you have this immersive interactive experience online is even more critical than it’s ever been before. So, I think online spend continues to grow […],” Narayen said.

On the company’s cloud business, Narayen said, “Our vision for creative cloud is always been to be this one stop shop for people, everything from inspiration now to monetization and the first version of creative cloud was all about delivering some phenomenal desktop products, we deliver some great mobile applications earlier this year, at Macs over 5 million downloads, they have been very well received, but the vision was always to say how can we enable the creative professionals to share their portfolio with the community through Behance,”

“Over 4 million subscribers there as well and in addition to that right now, how do we help them to monetize that and so, through the talent search service that we introduced earlier this year as well as with Fotolia when we finally closed the deal, the idea is that if you are a creative professional and you want to sell your content or if you are a marketer or a creative professional and you want to buy it, you should be able to come to creative cloud to accomplish that.”