Adobe Systems Inc. announced Adobe(R) Photoshop(R) CC as part of a major update to Adobe Creative Cloud(TM). Photoshop CC pushes the boundaries of possibility, offering a powerful new creative process, legendary imaging magic, and greater creative freedom with new tools and workflows. Adobe Photoshop CC will be available, exclusively to Creative Cloud members, in June. Adobe's desktop apps, including Photoshop, were previously known as Creative Suite(R) (CS), and will now be branded CC to reflect that they are an integral part of Creative Cloud and have been reinvented to support a more intuitive, connected way of creating. Photoshop CC includes a wide range of innovative enhancements, including new image deblurring and sharpening features to improve design workflows, and new Camera Raw capabilities. This update combines Photoshop standard and Photoshop Extended features to deliver greater accessibility to 3D tools and image analysis, while Creative Cloud integration offers flexible collaboration and sharing capabilities. Photoshop CC brings a wide range of new features and enhancements designed to unleash creativity and boost efficiency whether perfecting photographs, designing for online and offline media, creating 3D artwork or shooting video. - A fleet of new tools introduce the most advanced deblurring and sharpening technologies to date. The new Camera Shake Reduction tool analyzes and corrects for blur from camera movement to produce a better image. The all-new Smart Sharpen tool uses adaptive sharpening algorithms to minimize noise and halo effects while producing high-quality results. With intelligent upsampling users can increase the size of an image -- large enough for a billboard -- without pixelating the image. - Adobe Camera Raw 8 brings three new photo-editing capabilities to Photoshop CC. - For designers, improvements to rounded rectangles add the ability to adjust corner radii at any time. Users can also now select multiple paths shapes and vectors at once, providing a faster, easier workflow for working with multiple objects. - In previous releases, Adobe Photoshop Extended was released as a separate application comprising all Photoshop features as well as 3D and image analysis capabilities. Beginning with Photoshop CC, all Photoshop Extended features will be integrated within one application, providing all users with advanced capabilities for 3D image editing and image analysis. - Photoshop CC is the first Adobe desktop app to include the ability to post files directly to Behance from within the application, showcasing work immediately and integrating peer feedback into the creative process. Behance is the online creative community, with over 1.4 million members. - Photoshop CC includes all the Photoshop feature innovation delivered exclusively to Creative Cloud members over the last year, including: Smart Object support for Blur Gallery and Liquify effects, Conditional Actions, and CSS support for faster web design. - Adobe is also previewing a new workflow from Photoshop CC to Edge Reflow CC that will enable creatives to build web designs in Photoshop that can easily be turned into responsive websites, viewable across devices. Adobe expects to update Photoshop CC with this new capability this summer, underscoring the constant steam of innovation delivered to Creative Cloud members.

Adobe Systems Inc. accelerated its shift to the cloud with a major update to Adobe(R) Creative Cloud(TM), the company's offering for creatives. Today's update to Creative Cloud is packed with features, reimagining the creative process through a new set of "CC" desktop applications and enhanced cross-device collaboration and publishing capabilities. With this update, creative files can be stored, synced and shared, via Creative Cloud, on Mac OS, Windows, iOS and Android; and Behance, online creative community, is integrated with Creative Cloud, so customers can showcase work, get feedback on projects and gain global exposure. Creative Cloud's advanced capabilities are making it a hit with the worldwide creative community: more than a half million paid members, and well over 2 million free members have signed up for Creative Cloud since it was launched in April 2012. Adobe also announced that the company will focus creative software development efforts on its Creative Cloud offering moving forward. While Adobe Creative Suite(R) 6 products will continue to be supported and available for purchase, the company has no plans for future releases of Creative Suite or other CS products. Focusing development on Creative Cloud will not only accelerate the rate at which Adobe can innovate but also broaden the type of innovation the company can offer the creative community.

Adobe Systems Inc. reaffirmed earnings guidance for the second quarter and fiscal year 2013. The company reaffirmed financial targets that it previously provided on March 19, 2013. The company still expects adjusted earnings of 29 cents per share to 35 cents per share on revenue of $975 million to nearly $1.03 billion for the current quarter.