Adobe Fiscal 2000 Second Quarter Results - Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income
(In thousands, except per share data)
 
      Three Months Ended   Six Months Ended
     
 
      June 2
2000


  June 4
1999


  June 2
2000


  June 4
1999


Revenue    $300,085   $245,886   $582,317   $472,788
           
Direct costs   20,604   23,704   41,326   46,203
     
 
 
 
Gross margin   279,481   222,182   540,991   426,585
     
 
 
 
Operating expenses:                
  Research and development   60,912   47,596   118,370   92,473
  Sales and marketing   93,622   79,475   181,382   157,955
  General and administrative   27,920   27,052   54,677   52,455
  Restructuring and other charges   6,301   15,340   5,629   15,340
  Amortization of goodwill and purchased intangibles   1,215   1,198   2,418   2,388
     
 
 
 
Total operating expenses   189,970   170,661   362,476   320,611
     
 
 
 
Operating income   89,511   51,521   178,515   105,974
     
 
 
 
Nonoperating income, net:                
  Investment gain   7,691   14,015   12,367   13,995
  Interest and other income   3,993   5,252   9,644   11,138
     
 
 
 
Total nonoperating income, net   11,684   19,267   22,011   25,133
     
 
 
 
Income before income taxes   101,195   70,788   200,526   131,107
Provision for income taxes   35,418   25,827   70,184   47,870
     
 
 
 
Net income   $65,777   $44,961   $130,342   $83,237
     

 

 

 

Basic net income per share   $ .55   $ .37   $1.10   $ .68
     

 

 

 

Shares used in computing basic net income per share   118,758   121,144   118,573   121,534
     

 

 

 

Diluted net income per share   $ .52   $ .35   $1.02   $ .65
     

 

 

 

Shares used in computing diluted net income per share   127,674   128,100   127,356   127,728
     

 

 

 

 
Return to the 2000 Second Quarter Earnings Release

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