Adobe 2000 First Quarter Results - Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income
(In thousands, except per share data)
      Three Months Ended
     
      March 3
2000


  March 5
1999


Revenue:    $282,232   226,902
       
Direct costs   20,722   22,499
     
 
Gross profit   261,510   204,403
     
 
Operating expenses:        
  Research and development   57,458   44,877
  Sales and marketing   87,760   78,480
  General and administrative   26,757   25,403
  Restructuring and other charges   (672)   --
  Amortization of goodwill and purchased intangibles  
1,203
 
1,190
     
 
Total operating expenses   172,506   149,950
     
 
Operating income   89,004   54,453
     
 
Nonoperating income, net:        
  Investment gain (loss)   4,676   (20)
  Interest and other income   5,651   5,886
     
 
Total nonoperating income, net   10,327   5,866
     
 
Income before income taxes   99,331   60,319
Income Tax Provision   34,766   22,043
     
 
Net income   $64,565   38,276
     

 

Basic net income per share   $ .54   $ .31
     

 

Shares used in computing basic net income per share   118,628   121,946
     

 

Diluted net income per share   $ .51   $ .30
     

 

Shares used in computing diluted net income per share   126,489   126,768
     

 

 
Return to the 2000 First Quarter Earnings Release

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