Adobe Reaffirms Q4 FY2009 Financial Targets

SAN JOSE, Calif. — Oct. 7, 2009 — Adobe 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.