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Adobe Fiscal 2001 First Quarter Results - Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income
(In thousands, except per share data)
 
      Three Months Ended  
     
 
      (Unaudited)
March 2
2001


  (Unaudited)
March 3
2000


 
Revenue    $328,969   $282,232  
         
Direct costs   20,016   20,722  
     
 
 
Gross margin   308,953   261,510  
     
 
 
Operating expenses:          
  Research and development   55,687   57,458  
  Sales and marketing   103,860   87,760  
  General and administrative   30,370   26,757  
  Restructuring and other charges   --   (672)  
  Amortization of goodwill and purchased intangibles   3,582   1,203  
     
 
 
Total operating expenses   193,499   172,506  
     
 
 
Operating income   115,454   89,004  
     
 
 
Nonoperating income (loss), net:          
  Investment gain (loss)   (17,038)   4,676  
  Interest and other income   5,697   5,651  
     
 
 
Total nonoperating income (loss), net   (11,341)   10,327  
     
 
 
Income before income taxes   104,113   99,331  
Income tax provision   34,357   34,766  
     
 
 
Net income   $69,756   $64,565  
     

 

 
Basic net income per share   $ 0.29   $0.27  
     

 

 
Shares used in computing basic net income per share   240,078   237,256  
     

 

 
Diluted net income per share   $0.28   $0.26  
     

 

 
Shares used in computing diluted net income per share   253,609   252,978  
     

 

 
 
Return to the 2001 First Quarter Earnings Release

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