Adobe Reports Record Q1 Financial Results

Adobe Reports Record Q1 Financial Results

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.”

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