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LETTER
(L to R) John E. Warnock, Chairman of the Board and Chief Technology Officer Charles M. Geschke, Chairman of the Board Bruce R. Chizen, President and Chief Executive Officer
It’s hard to believe that it has been only ten years since Adobe Photoshop
changed the way graphic designers work with images destined for the
printed page. At that time, we couldn’t have guessed the extent of its
influence. During the past decade, Adobe has distributed more than 30
million units of products based on Photoshop software, and Photoshop
technology has transformed the way information is presented on the World
Wide Web. Today, with a full suite of equally powerful applications, Adobe
Systems has become a recognized leader in the creation, management, and
delivery of rich Web content seen by millions of people worldwide. And more
than 200 million copies of Acrobat Reader software have been distributed
worldwide, making Adobe a global household name. As we continue to
help people communicate through the creation of visually rich inform-
ation, we are pursuing the many opportunities afforded by the next
generation of Internet-enabled innovations, including broadband, wireless,
and Internet appliance technologies. In fiscal 2000, these pursuits
translated into a record year for Adobe Systems. Our diluted earnings per
share increased by 23%, from $0.92 to $1.13 year over year, and our
operating profit increased by 57% year over year. We achieved seven
consecutive quarters of sequential revenue growth and six consecutive
quarters of record revenue. Led by a highly focused management team,
To Our Stockholders
Letter to Stockholders
Financials
The Third Wave
Anyone
Anywhere
Any Device
Financial Highlights
Evolution or Revolution?
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Adobe 2000 Annual Report