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Adobe Reaffirms Q4 FY2009 Financial Targets
Wednesday, October 07, 2009 9:53 AM


(Source: Business Wire)trackingAdobe Systems Incorporated (Nasdaq:ADBE) today provided an intra-quarter business update for its fourth quarter ending Nov. 27, 2009.

With approximately eight weeks remaining in the quarter, Adobe announced it believes it will achieve quarterly results within the revenue and earnings target ranges it provided on Sept. 15, 2009. The Company's Q4 target ranges are the following: revenue of $690 to $740 million, GAAP diluted earnings per share of $0.23 to $0.29, non-GAAP diluted earnings per share of $0.33 to $0.39, a GAAP operating margin of 23 to 27 percent, and a non-GAAP operating margin of 33 to 36 percent.

A reconciliation between the Company's GAAP and non-GAAP financial targets is provided at the end of this press release. The fourth quarter financial targets do not include the impact of Adobe's acquisition of Omniture announced Sept. 15, 2009, which is expected to close in the fourth quarter of Adobe's 2009 fiscal year.

Adobe plans to report its fourth quarter results on Dec. 15, 2009 after the market closes.

Company to Outline Business Strategy at Financial Analyst Meeting

Adobe's management team will discuss its vision and business strategy at its 2009 Financial Analyst Meeting, which will be held today in Los Angeles, CA. The meeting will be broadcast live in Adobe Acrobat Connect Pro from Adobe's Website (http://www.adobe.com/go/analystmeeting) beginning at 11:30 a.m. Eastern Time. For those unable to attend the meeting or watch the Webcast, an archive of the event will be available on Adobe's investor relations Website for a limited time.

Forward-Looking Statements Disclosure

This press release contains forward-looking statements, including those related to revenue, operating margin and earnings per share, which involve risks and uncertainties that could cause actual results to differ materially.



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