Adobe 2000 Annual Report Download - page 20

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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
we executed on our existing business plan and began to set the stage for
Network Publishing, a visionary Internet-centric publishing model in which
all types of digital content can be published and viewed by anyone,
anywhere, on any device.
As Adobe Systems continues to develop inspiring software, to catalyze
innovative new markets, and to provide leadership for the Network
Publishing community, we’re operating from an unprecedented position of
strength. And although we will never stop refining our operational controls,
our newest phase of growth relies directly upon our growing software
application revenue. Simply put, we’re ready—financially, strategically,
and creatively—for What’s Next.
RECORD NUMBERS BECOME REALITY In fiscal 2000, Adobe
exceeded its internal annual revenue budget, and for the second
consecutive year, revenue exceeded $1 billion, reaching a new high of
$1.266 billion. This represents a 25% increase compared with fiscal 1999.
Reported net income reached a record level of $288 million, a 21%
increase compared with fiscal 1999.
Letter to Stockholders
Financials
The Third Wave
Anyone
Anywhere
Any Device
Financial Highlights
Evolution or Revolution?
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Adobe 2000 Annual Report