SAN JOSE, Calif. — August 2, 2005 — Adobe Systems Incorporated (Nasdaq:ADBE) today provided its regular intra-quarter business update for its third quarter of fiscal 2005, which ends September 2, 2005.
With approximately five weeks remaining in its third quarter, Adobe stated it expects to achieve results within the financial target ranges previously provided on June 16, 2005, which are revenue of $470 to $490 million, and earnings per share of $0.25 to $0.27. On a year-over-year basis, the Q3 revenue target range represents approximately 16 to 21 percent revenue growth.
In its business update, the Company also indicated it continues to experience solid demand for its Adobe Acrobat and Adobe Creative Suite products in all of its major geographic markets.
The Company plans to report its third quarter fiscal 2005 results on September 15, 2005 after the market closes.
Forward Looking Statements Disclosure
This press release contains forward looking statements, including those related to revenue, earnings per share, and geographic markets which involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: adverse changes in general economic or political conditions in any of the major countries in which Adobe does business, delays in development or shipment of the Company's new products or major new versions of existing products, introduction of new products by existing and new competitors, failure to successfully manage transitions to new business models or markets, failure to anticipate and develop new products in response to changes in demand for application software, computers and printers, intellectual property disputes and litigation, failure to realize the anticipated benefits of past or future acquisitions, and integration of such acquisitions, changes to the Company's distribution channel, the impact of malicious code, such as worms and viruses, on the Company's computer network and applications, interruptions or terminations in the Company's relationships with turnkey assemblers, risks associated with international operations, fluctuations in foreign currency exchange rates, changes in accounting rules and regulations, unanticipated changes in tax rates, market risks associated with the Company's equity investments, and the Company's inability to attract and retain key personnel. For further discussion of these and other risks and uncertainties, individuals should refer to the Company's SEC filings, including the 2004 annual report on Form 10-K and quarterly reports on Form 10-Q filed in 2005. The Company does not undertake an obligation to update forward looking statements.
NOTES TO EDITORS
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About Adobe Systems
Incorporated Adobe is the world’s leading provider of software solutions to create, manage and deliver high-impact, reliable digital content. For more information, visit www.adobe.com.
© 2005 Adobe Systems Incorporated. All rights reserved. Adobe, the Adobe logo, Adobe Acrobat, and Adobe Creative Suite are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners.