Adobe 2005 Annual Report Download - page 43

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43
by decreases in revenues in our business and technical page layout software products due to product lifecycle
timing.
Revenue from our Intelligent Document segment increased during fiscal 2004 as compared to fiscal 2003
primarily due to a 17% increase in revenues from our Acrobat desktop products as a result of continued adoption of
Acrobat desktop products launched in fiscal 2003. Additionally, revenue from our Intelligent Document server-
based products increased 50% due to increased licensing and server support revenue.
Revenue from our OEM PostScript and Other segment decreased during fiscal 2004 as compared to fiscal 2003
due to a decline in pricing resulting from competition from clone PostScript technologies and lower prices of output
devices.
Geographic Information
Fiscal
2005
% Change
2005 to 2004
Fiscal
2004
% Change
2004 to 2003 Fiscal
2003
Americas ................................... $ 939.7 22% $ 770.6 20% $ 640.2
Percentage of total revenues.. 48% 46% 49%
EMEA ....................................... 612.7 13% 541.5 46% 370.2
Percentage of total revenues.. 31% 33% 29%
Asia ........................................... 413.9 17% 354.5 25% 284.3
Percentage of total revenues.. 21% 21% 22%
Total revenues ....................... $ 1,966.3 18% $ 1,666.6 29% $ 1,294.7
Revenue in the Americas increased during fiscal 2005 as compared to fiscal 2004 due to the strength of our
Digital Imaging and Video, Creative Professional and Intelligent Document products.
Revenue in EMEA and Asia increased during fiscal 2005 as compared to fiscal 2004 due to the strength of our
Creative Professional and Intelligent Document products.
The increase in revenues, in fiscal 2004 as compared to fiscal 2003, in each of our geographic segments was
primarily due to the strength of our Creative Professional products.
Additionally, due to the strength of the euro and the yen, revenues in EMEA and Asia increased approximately
$15.0 million and $3.0 million, respectively, during fiscal 2005 over fiscal 2004 and increased $50.2 million and
$18.0 million, respectively, during fiscal 2004 over fiscal 2003.
Platform Information
Fiscal
2005
Fiscal
2004
Fiscal
2003
Windows.................................... 75% 73% 74%
Macintosh .................................. 25% 27% 26%
We expect a growth trend towards the Windows platform over the long term due to our targeting of business
users with our Intelligent Document desktop products, where the majority of users run the Windows operating
system.
Inventory Information
At the end of fiscal 2005 our overall channel inventory position was within our global inventory policy which
allows, on an overall basis, up to 4.5 weeks of anticipated total product supply at our distributors.