The Company plans to discuss details about this update at its Spring Financial Analyst Meeting, which will be held today in New York City.
At this point in the quarter, we are on track to meet our top line revenue target of 15 percent revenue growth in Q2, said Bruce R. Chizen, president and chief executive officer of Adobe. As expected, our U.S. business has not changed significantly and we are still being affected by the economic downturn. In some European countries, we have started to see a slowdown, however our Asia business continues to perform well. The uncertain global economic conditions are making the outlook for the second half of the year difficult to gauge.
Today’s analyst meeting will be broadcast live from Adobe’s Website beginning at 10am Eastern Time. The Company plans to report its second quarter fiscal 2001 results on June 14, 2001 after the market closes.
This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: lack of market acceptance of new products and upgrades; delays in shipment of the Company’s new products and major new versions of existing products; adverse economic conditions in the U.S. and any of the other major countries in which the Company does business; the bankruptcy filing by its U.S. manufacturer; introduction of new products by major competitors; declines in the average selling price of the Company’s products; industry transitions to new distribution, business and information delivery models; and ongoing weakness in the Company’s printing business due to product transitions. For further discussion of the risks and uncertainties, readers should refer to the Company’s SEC filings including the 2000 annual report on Form 10-K and quarterly reports on Form 10-Q filed by the Company in 2001.
