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The increase in DC ARR was driven by the adoption of Acrobat subscriptions and value-added services such as Adobe Sign. Management is optimistic about CC adoption and expects to build a strong pipeline for its potential paid subscribers through marketing programs, trial downloads and free memberships. Management expects growth to be fueled by three initiatives by migrating the Creative Suite installed base, drawing new clients and driving ARPU higher through cloud services like Adobe Stock. Also, CC mobile apps are continuously driving customer traffic and strengthening customer adoption. Within the Digital Marketing segment, Adobe Marketing Cloud revenues were up 26% year over year to $477 million. The improvement came on the back of strong contribution from TubeMogul acquisition, an increase in the size of accelerated conversions and international expansion. Mobile remains a key component for this business. Mobile data transactions grew to 56% of total Adobe Analytics transactions in the quarter. Margins Gross margin was 85.9%, down 65 basis points (bps) sequentially but up 24 bps year over year. click here to investigateGross margin is typical of a software company and variations are generally related to the mix of revenues between categories.
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The company owns more than 51 percent of its farms and hopes to sell directly to researchers and health care companies, which now typically buy from third parties. Stanton said the U.S. market for pork byproducts used for medical, pet food and nonfood purposes stands at more than $100 billion, and that excludes any potential market for animal-to-human transplants, known as xenotransplants. Smithfield has deals in the works to supply pig organs to two entities, though Stanton would not disclose the names. Its just a huge potential space, and to be at the leading edge and focused on building those relationships is critical, she said. Hog hearts Pigs have long been a tantalizing source of transplants because their organs are so similar to humans. A hog heart at the time of slaughter, for example, is about the size of an adult human heart. Other organs from pigs being researched for transplantation into humans include kidney, liver and lungs. Prior efforts at pig-to-human transplants have failed because of genetic differences that caused organ rejection or viruses that posed an infection risk. Swiss drugmaker Novartis ( NVS ) folded its $1 billion xenotransplantation effort in 2001 because of safety concerns about pig viruses that could be passed to humans.
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