Adobe Systems Provides Q2 FY2005 Intra-Quarter Business Update

Adobe Systems Provides Q2 FY2005 Intra-Quarter Business Update

Adobe Systems Incorporated (Nasdaq:ADBE) today provided its intra-quarter business update for its second quarter of fiscal 2005, which ends June 3, 2005.

In its business update, Adobe stated it expects to achieve results toward the high end of its second quarter financial target ranges due to strong demand of Adobe Acrobat. The Company’s second quarter target ranges, previously provided on March 17, 2005, are revenue of $475 to $495 million, and earnings per share of $0.51 to $0.55.

Adobe also indicated its Adobe Creative Suite 2 and individual CS2 applications are on track to ship in May, as previously announced on April 4, 2005. Further, Adobe stated that it is experiencing solid demand in all of its major geographic markets.

The Company plans to report its second quarter fiscal 2005 results on June 16, 2005 after the market closes.

In a separate press release issued today, Adobe announced the acquisition of Macromedia, Inc. A conference call to discuss that announcement has been scheduled for 8:00 a.m. ET today, Monday April 18, 2005. Details regarding the announcement and access information for today’s conference call can be found in the separate press release.

Read the complete Press Release