Figma reveals revenue, profit growth in US IPO filing
Figma reported higher revenue and profit for early 2025 as it readies a NYSE IPO, over a year after its $20 billion sale to Adobe was scrapped. With strong growth and AI investment plans, the listing is set to be one of the year's most anticipated public offerings.
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Hindustan Times
3 hours ago
- Hindustan Times
Amazon Prime Day Sale countdown begins: Best gaming laptops to wishlist right now, up to 40% off
Indian CERT-In warns of critical vulnerabilities in Adobe software, including InCopy, Experience Manager, and Acrobat. Risks include code execution, data breaches, and system disruptions. Users advised to update software, monitor networks, and maintain robust cybersecurity practices.
Time of India
6 hours ago
- Time of India
Figma's much-anticipated IPO: All you need to know
Academy Empower your mind, elevate your skills Cloud-based designer platform Figma has publicly disclosed the prospectus of its much- anticipated initial public offering (IPO) in the US. The company had filed its papers confidentially in issue will be one of the most high-profile listings this year, suggesting that anxieties stemming from US tariffs are calming IPO comes over a year after Figma's $20 billion deal to be acquired by Adobe was shelved by all you need to know about Figma and its public specialises in collaborative interface design, enabling teams to work together in real time on design projects, much like Google at around $12.5 billion, the company has expanded its offerings beyond design to include tools for website creation, AI programming, branded marketing, and digital in San Francisco, Figma was founded by Dylan Field and Evan Wallace in 2012. Duolingo, Mercado Libre, Netflix, Pentagram Design, ServiceNow, and Stripe are among its major global customers. Indian brands Zomato Swiggy , Cred and Groww also use its platform. Field had told ET last November that Figma is keen on tapping India's vast pool of designers and product developers to better support its customers. He had said around 85% of Figma's weekly active users are from outside the US, and a substantial number are from India.'There is a real revenue opportunity in India. It is a myth that you cannot monetise India,' Field had said then, adding that as Figma spends more time in India, it will be able to find areas to improve its services 2022, Photoshop maker Adobe announced plans to acquire Figma for $20 billion. However, last year, the two companies jointly declared the termination of the deal following scrutiny from UK and EU regulators on antitrust issues. Adobe was obligated to pay Figma a reverse termination fee of $1 billion in the aftermath of the Adobe deal fallout, Figma worked on strengthening its books. In the first three months of 2025, it reported $228.2 million in revenue, compared with $156.2 million a year earlier, and its net income jumped threefold to $44.9 2024, it had generated $749 million in revenue, a 48% increase from company was profitable in 2023 but reported a large net loss of $732 million in 2024, because of a one-time expense related to issuing 10.5 million stock options to employees. Profit returned in the fourth quarter of 2024, and continued this has raised around $750 million in funding so far from investors such as Sequoia Capital and Andreessen company plans to list on the New York Stock Exchange (NYSE) under the ticker symbol "FIG".Lead banks for the IPO include Morgan Stanley, Goldman Sachs, Allen & Co, and JP company said it will use the IPO proceeds to fund growth initiatives, double down on AI investments, and repay debt.
Hindustan Times
10 hours ago
- Hindustan Times
If you use these Adobe softwares, you are under high risk, Indian government warns
The Indian Computer Emergency Response Team (CERT-In), under the Ministry of Electronics and Information Technology, has issued an alert highlighting critical vulnerabilities across several Adobe software products. The alert, tagged as CIVN-2025-0137, was released on 1 July and carries a medium severity rating. The identified vulnerabilities could enable cyber attackers to perform a range of malicious actions.(AP) According to CERT-In, a wide array of Adobe's creative, productivity, and e-commerce software is vulnerable. Affected versions include: Adobe InCopy (up to versions 20.3 and 19.5.4) Adobe Experience Manager (AEM) (up to 6.5.23 and CS 2025.5) Adobe Commerce & Commerce B2B (versions before 2.4.8) Magento Open Source (before 2.4.8) Adobe InDesign (up to ID20.3 and ID19.5.4) Adobe Substance 3D Sampler (up to 5.0.3) Adobe Acrobat and Reader (Windows and Mac prior to builds 25.001.20531 and 25.001.20529) Acrobat 2024 and 2020 (prior to 24.001.30254 and 20.005.30744) Adobe Substance 3D Painter (before 11.0.2) What's at Risk? The identified vulnerabilities could enable cyber attackers to perform a range of malicious actions. These include bypassing security restrictions, executing arbitrary code, conducting cross-site scripting (XSS) attacks, gaining elevated privileges, and even accessing sensitive user data. In certain cases, they may cause denial-of-service (DoS) disruptions. These risks are primarily due to issues like memory corruption, improper input validation, and insecure handling of user data—making the vulnerabilities particularly dangerous in enterprise environments. Mobile Finder: Nothing Phone 3 launched in India Who Should Be Concerned? The advisory is directed at system administrators, IT security professionals, and end-users of Adobe's affected software. Organisations that depend heavily on Adobe for creative production, document workflows, or online commerce should treat this alert as urgent. Recommended Actions CERT-In urges users and IT teams to take the following steps to protect their systems: Install all latest security patches released by Adobe Monitor network activity for unusual or unauthorised behaviour Avoid opening suspicious files or clicking unfamiliar links Keep antivirus and endpoint protection updated Use application allowlisting to restrict unapproved software execution Users can access updates and more detailed advisories through the Cyber Swachhta Kendra and Adobe's official website.
