"No one knows whether we're going to look back in five years at everything that's happening right now in AI and say, 'Oh my God, those were the bubbliest of times," Field said. "Or: 'Wow, we totally underestimated the effect it would have on society.' But for Figma, what I think will be true in five years is that we're always trying to make it so you can go as fast as possible from idea to production. And I think with AI, you can really accelerate that."
"We're at the very start of what I hope is a long term relationship together," a confident Field told listeners as he kicked off the earnings call, taking advantage of the opportunity to demonstrate Figma's presentation technology."
"We want to lower the floor, but raise the ceiling-make it so more people can participate in the design process, while also enabling professionals to do even more with AI," Field told F"
Figma shares fell 14% in extended trading after the company released first quarter results. Revenue grew 41% year-over-year to $249.6 million in the fiscal second quarter, with $28.2 million in net income and break-even per share. Figma added four new AI-native tools and signaled significant ongoing investment in AI. The company aims to accelerate the path from idea to production and to broaden design participation by lowering the entry floor while raising the ceiling for professional designers. A previously contemplated $20 billion acquisition by Adobe collapsed in 2023.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]