Adobe 2000 Annual Report Download - page 21

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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
Adobe’s Web Publishing revenue grew to $536.6 million, a 36% increase over
fiscal 1999. Cross-media Publishing revenue grew to $390.5 million, a 10%
increase. Success of Adobe Acrobat software and related products pushed
Adobe ePaper Solutions application revenue from $129.3 million to $207.8
million, an increase of 61% over 1999. And as we projected, revenue from our
OEM PostScript and Other segment declined in 2000—from $138.2 million to
$131.5 million, which is a drop-off of 5%. The growth and strength in our
other market segments more than offset this decline.
OUR LEANEST OPERATIONS EVER Adobe has been improving and
refining company-wide operations to produce a lean, efficient organization
capable of agile responses in a fast-moving marketplace. Leveraging a
state-of-the-art financial system, we are now at the forefront of opera-
tional excellence in the industry. Among other achievements, we have
streamlined our worldwide accounting process so we can now close two
days after the quarter ends. Improvements like this have helped us build
a highly predictable business operation that can readily scale as the
company grows.
Letter to Stockholders
Financials
The Third Wave
Anyone
Anywhere
Any Device
Financial Highlights
Evolution or Revolution?
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Adobe 2000 Annual Report