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Adobe
Systems Incorporated
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Nasdaq:ADBE
NASDAQ
100
Founded
in 1982, Adobe Systems Incorporated , the leader in network publishing,
offers a comprehensive line of software for enterprise and creative professional
customers. Its products enable customers to create, manage and deliver
visually rich, compelling and reliable content. Based in San Jose, Calif.,
Adobe is one of the world's largest software companies
Adobe
Reports Record Q1 Financial ResultsStrong Performance Driven by Creative
Solutions and Adobe Acrobat
SAN
JOSE, Calif. — March 22, 2006 — Adobe Systems Incorporated (Nasdaq:ADBE)
today reported record financial results for its first quarter ended March
3, 2006. The Company's Q1 results reflect the recent acquisition of Macromedia,
and are compared to pre-acquisition results of prior fiscal periods
In
the first quarter of fiscal 2006, Adobe achieved record revenue of $655.5
million, compared to $472.9 million reported for the first quarter of fiscal
2005 and $510.4 million reported in the fourth quarter of fiscal 2005.
On a year-over-year basis, this represents 39 percent revenue growth. Adobe's
first quarter revenue target range was $630 to $660 million
"Adobe's
business continues to perform well, driven by strong demand for our creative
solutions and Acrobat," said Bruce R. Chizen, Adobe chief executive officer.
"In addition to our strong financial results, we are making rapid progress
integrating the Macromedia business and remain excited about our prospects
for future growth."
Adobe
Systems Reports Strong Q3 Financial ResultsCreative Suite and Acrobat Adoption
Drive 21 Percent Year-Over-Year Revenue Growth
SAN
JOSE, Calif. — September 15, 2005 — Adobe Systems Incorporated (Nasdaq:ADBE)
today reported financial results for its third quarter ended September
2, 2005.
In
the third quarter of fiscal 2005, Adobe achieved revenue of $487.0 million,
compared to $403.7 million reported for the third quarter of fiscal 2004,
and $496.0 million reported in the second quarter of fiscal 2005. On a
year-over-year basis, this represents 21 percent revenue growth. Adobe's
third quarter revenue target range was $470 to $490 million.
"Solid
execution drove another outstanding quarter of double digit growth in Q3,"
said Bruce Chizen, Adobe chief executive officer. "These results reflect
the overall strength of our business which, when combined with our pending
acquisition of Macromedia, will position us for even greater success in
the future."
GAAP
diluted earnings per share for the third quarter of fiscal 2005 were $0.29.
Non-GAAP diluted earnings per share, which excludes investment losses,
also were $0.29.
GAAP
net income was $144.9 million for the third quarter of fiscal 2005, compared
to $104.5 million reported in the third quarter of fiscal 2004, and $149.8
million in the second quarter of fiscal 2005. Non-GAAP net income, which
excludes, as applicable, the net tax impact of the planned repatriation
of certain foreign earnings, and investment losses, was $146.4 million
for the third quarter of fiscal 2005, compared to $105.6 million in the
third quarter of fiscal 2004, and $142.9 million in the second quarter
of fiscal 2005.
GAAP
diluted earnings per share for the third quarter of fiscal 2005 were $0.29
based on 507.8 million weighted average shares. This compares with GAAP
diluted earnings per share of $0.21 reported in the third quarter of fiscal
2004, based on 494.2 million weighted average shares, and GAAP diluted
earnings per share of $0.29 reported in the second quarter of fiscal 2005,
based on 508.2 million weighted average shares.
Adobe's
GAAP and non-GAAP operating income was $183.6 million in the third quarter
of fiscal 2005, compared to $140.3 million in the third quarter of fiscal
2004 and $182.2 million in the second quarter of fiscal 2005. On a year-over-year
basis, this represents 31 percent GAAP and non-GAAP operating income growth.
As a percent of revenue, GAAP and non-GAAP operating income in the third
quarter of fiscal 2005 were 37.7 percent, compared to 34.8 percent in the
third quarter of fiscal 2004 and 36.7 percent in the second quarter of
fiscal 2005
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