Adobe revenue exceeds expectation

Adobe Systems has reported financial results for its first quarter ended February 28, 2003 that exceeded the Company's prior revenue and earnings per share target ranges.

In the first quarter of fiscal 2003, Adobe achieved revenue of $296.9m (€250.7m), compared to $267.9m (€248.8m) reported for the first quarter of fiscal 2002 and $294.7m (€273.7m) reported in the fourth quarter of fiscal 2002.