Adobe Reports Record Fourth Quarter and Fiscal Year 2006 Revenue

Adobe Reports Record Fourth Quarter and Fiscal Year 2006 Revenue

Adobe Systems Incorporated (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year ended December 1, 2006. The Company’s results reflect the acquisition of Macromedia in December 2005, and are compared to pre-acquisition results of prior fiscal periods as applicable.

In the fourth quarter of fiscal 2006, Adobe achieved record revenue of $682.2 million, compared to $510.4 million reported for the fourth quarter of fiscal 2005 and $602.2 million reported in the third quarter of fiscal 2006. On a year-over-year basis, this represents 34 percent revenue growth. Adobe’s fourth quarter revenue target range was $655 to $685 million.

“Fiscal 2006 was another year of solid financial performance for Adobe,” said Bruce R. Chizen, Adobe chief executive officer. “We generated record revenue, and for the fourth consecutive year, achieved double digit revenue growth. At the same time, we successfully integrated Macromedia, leveraging our combined assets to provide platform-level solutions that redefine the way people engage with ideas and information.”

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