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Adobe Reaffirms Third Quarter Financial Targets

Wednesday, August 02, 2006

Press release from the issuing company

SAN JOSE, Calif.--Aug. 1, 2006-- Adobe Systems Incorporated today is providing its regular intra-quarter business update for its third quarter of fiscal 2006, which ends September 1, 2006. With approximately five weeks remaining in the quarter, Adobe announced it believes it will achieve quarterly results within the financial target ranges it provided on June 15, 2006. The Company's Q3 FY2006 target ranges are the following: revenue of $580 to $610 million, GAAP earnings per share of $0.13 to $0.16, non-GAAP earnings per share of $0.25 to $0.27, a GAAP operating margin of 16 to 19 percent, and a non-GAAP operating margin of 33 to 35 percent. The Company plans to report its third quarter fiscal 2006 results on September 14, 2006 after the market closes.




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