Adobe Reports Record Q1 Financial Results
Strong 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.
memory
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.
Computer memory is the quickest, cheapest, and easiest way to improve the performance of your system. Find RAM memory upgrades for desktops, laptops, servers, and printers all backed by a lifetime warranty and guaranteed compatible with your computer. Shipping is an everyday low price of $1.99! Computer Memory Outlet sells memory compatible with all leading computer manufacturers like Dell, Apple, Compaq, HP, Sony, IBM, Lenovo, and many more.”
intel
as400
"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."
The integrity of our financial reporting is vital to our reputation. Campbell's public reports of financial results are prepared to conform to the highest standards of accuracy and completeness. Attempts to distort or misrepresent financial information, such as sales, costs, are prohibited. Any such attempt, or pressure to distort or misrepresent any financial information, must be reported to the corporate controller or to corporate audit.
averatec
As a rental organization ICC has kept strong focus on service by following strict quality control procedures and providing 24 hour a day, 7 day a week technical support on every computer rental. Feel secure when renting a computer from iccrents.com. Rent Laptops from Quick, 1000 laptops in stock, HP, CPQ, Dell, IBM, 24x7 Support, Same Day deliveries available nationwide. 20 years of experience.
hardware
GAAP diluted earnings per share for the first quarter of fiscal 2006 were $0.17. Non-GAAP diluted earnings per share, which excludes Macromedia acquisition costs, restructuring charges related to the Macromedia acquisition, a charge for incomplete technology related to a small acquisition, stock-based compensation, the net tax impact of the repatriation of certain foreign earnings, tax differences due to the timing and deductibility of the Macromedia acquisition costs and related charges and stock-based compensation, and investment gains and losses, were $0.32.
Description Have a friend with a laptop Do they always complain about the heat Cool them down with HandStands' Cool Lift. Designed to help promote air flow and reduce heat, the Cool Lift is perfect for notebook computers with the latest hot processors from Intel, AMD, Motorola, or IBM. Proof Shields for Laptops help prevent scratches from normal laptop use. Proof Shield. It even completely disappears when applied!
dual xeon
storage
GAAP net income was $105.1 million for the first quarter of fiscal 2006, compared to $151.9 million reported in the first quarter of fiscal 2005, and $156.3 million in the fourth quarter of fiscal 2005. Non-GAAP net income, which excludes, as applicable, Macromedia acquisition costs, restructuring charges related to the Macromedia acquisition, a charge for incomplete technology related to a small acquisition, stock-based compensation, the net tax impact of the repatriation of certain foreign earnings, tax differences due to the timing and deductibility of the Macromedia acquisition costs and related charges and stock-based compensation, and investment gains and losses, was $197.5 million for the first quarter of fiscal 2006, compared to $133.8 million in the first quarter of fiscal 2005, and $151.5 million in the fourth quarter of fiscal 2005.
seagate
computer sales
GAAP diluted earnings per share for the first quarter of fiscal 2006 were $0.17 based on 621.8 million weighted average shares. This compares with GAAP diluted earnings per share of $0.30 reported in the first quarter of fiscal 2005, based on 506.2 million weighted average shares, and GAAP diluted earnings per share of $0.31 reported in the fourth quarter of fiscal 2005, based on 508.6 million weighted average shares.
computer hardware
printers
Adobe's GAAP operating income was $130.0 million in the first quarter of fiscal 2006, compared to $170.7 million in the first quarter of fiscal 2005 and $191.9 million in the fourth quarter of fiscal 2005. As a percent of revenue, GAAP operating income in the first quarter of fiscal 2006 was 19.8 percent, compared to 36.1 percent in the first quarter of fiscal 2005 and 37.6 percent in the fourth quarter of fiscal 2006.
technology
mainframe
Adobe's non-GAAP operating income, which excludes, as applicable, Macromedia acquisition costs, restructuring charges related to the Macromedia acquisition, a charge for incomplete technology related to a small acquisition, and stock-based compensation was $252.4 million in the first quarter of fiscal 2006, compared to $170.7 million in the first quarter of fiscal 2005 and $191.9 million in the fourth quarter of fiscal 2005. As a percent of revenue, non-GAAP operating income in the first quarter of fiscal 2006 was 38.5 percent, compared to 36.1 percent in the first quarter of fiscal 2005 and 37.6 percent in the fourth quarter of fiscal 2005.
samsung
Adobe Provides Second Quarter FY2006 Financial Targets and Reaffirms FY2006 Annual Revenue Target
computer repair
used computers
For the second quarter of fiscal 2006, Adobe announced it is targeting revenue of $640 million to $670 million. The Company also is targeting a GAAP operating margin of approximately 22 to 24 percent in the second quarter. On a non-GAAP basis, which excludes acquisition-related costs and stock-based compensation, the Company is targeting a second quarter operating margin of approximately 37 to 38 percent.
network
digital cameras
In addition, Adobe is targeting its share count to be between 620 million and 622 million shares in the second quarter of fiscal 2006. The Company also is targeting other income in its second quarter to be approximately $15 million to $16 million, with a GAAP tax rate of 27 percent and a non-GAAP tax rate of 26 percent. The difference between the two rates is related to the timing and deductibility of the Macromedia acquisition and related charges and stock-based compensation.
desktops
cognos
These targets lead to a second quarter GAAP earnings per share target range of approximately $0.18 to $0.21. On a non-GAAP basis, which excludes acquisition-related costs, stock-based compensation, and tax differences related to the timing and deductibility of the Macromedia acquisition and related charges and stock-based compensation, the Company is targeting earnings per share of approximately $0.30 to $0.32.
hosting
netfinity
For fiscal year 2006, Adobe reaffirmed its annual revenue target of approximately $2.7 billion.
internet
Forward Looking Statements Disclosure
cheap computer
digital camera
This press release contains forward looking statements, including those related to revenue, operating margin, other income, tax rate, share count and earnings per share, 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 Adobe'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 and markets, difficulty in predicting revenue from new businesses, failure to anticipate and develop new products in response to changes in demand for application software, computers and printers, intellectual property disputes and litigation, inability to protect Adobe's intellectual property from unauthorized copying, use, disclosure or malicious attack, failure to realize the anticipated benefits of past or future acquisitions and difficulty in integrating such acquisitions, changes to Adobe's distribution channel, disruption of Adobe's business due to catastrophic events, interruptions or terminations in Adobe's relationships with turnkey assemblers, risks associated with international operations, fluctuations in foreign currency exchange rates, changes in accounting rules and regulations, impairment of Adobe's goodwill or intangible assets, unanticipated changes in tax rates, Adobe's inability to attract and retain key personnel, and market risks associated with Adobe's equity investments. For further discussion of these and other risks and uncertainties, individuals should refer to Adobe's SEC filings. Adobe does not undertake an obligation to update forward looking statements.
printer
About Adobe Systems Incorporated
xseries
maxtor
Adobe revolutionizes how the world engages with ideas and information - anytime, anywhere, and through any medium. For more information, visit www.adobe.com .
data storage
Source: Adobe
