What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to announce and provide access to Adobe Systems Incorporated's financial results for its first fiscal quarter ended February 29, 2008, through a furnished press release.

What are non-GAAP financial measures and why does Adobe use them?

Non-GAAP financial measures are financial metrics that exclude certain items from GAAP (Generally Accepted Accounting Principles) results. Adobe uses them because they believe these measures provide a clearer view of their operational performance, exclude non-cash expenses like stock-based compensation and amortization, and facilitate internal comparisons and comparisons with competitors. They are presented as supplemental information to GAAP results.

What specific items does Adobe exclude when calculating its non-GAAP financial measures?

Adobe excludes several items, including: the impact of stock-based compensation (SFAS 123R), restructuring and other charges, amortization of purchased intangibles and incomplete technology, investment gains and losses, the net tax impact of R&D tax benefits, and the income tax effect of these pre-tax adjustments.

Where can I find the actual financial results for the quarter?

The actual financial results and performance details are provided in the press release issued by Adobe on March 18, 2008, which is attached as Exhibit 99.1 to this 8-K filing. Investors should refer to that press release for specific revenue and earnings figures.

ADBE 8-K: Earnings & Results

Summary

This 8-K filing from Adobe Systems Incorporated, dated March 18, 2008, announces the company's financial results for its first fiscal quarter ended February 29, 2008. The report primarily directs investors to a furnished press release (Exhibit 99.1) for detailed financial performance, including revenue and earnings. A significant portion of the filing is dedicated to explaining Adobe's use of non-GAAP financial measures, which exclude items such as stock-based compensation, restructuring charges, amortization of intangibles, and investment gains/losses. Adobe emphasizes that these non-GAAP measures are provided as supplemental information to GAAP results and are used internally for operational decision-making and to facilitate comparisons with historical performance and competitors. Investors should note that the press release itself, and thus the core financial details, are furnished and not deemed 'filed' for regulatory purposes, meaning they do not automatically become incorporated into other SEC filings unless specifically referenced.

Key Highlights

1Adobe Systems Incorporated filed an 8-K on March 18, 2008, reporting its Q1 fiscal 2008 financial results.
2The primary information source for the quarter's financial performance is a press release (Exhibit 99.1) titled 'Adobe Reports Strong Q1 Revenue and Earnings.'
3The filing details Adobe's extensive use of non-GAAP financial measures, providing explanations for exclusions.
4Key excluded items in non-GAAP calculations include stock-based compensation (SFAS 123R), restructuring charges, amortization of purchased intangibles, and investment gains/losses.
5Adobe states its belief that non-GAAP measures offer meaningful supplemental information for understanding operational performance and making strategic investment decisions.
6The company uses non-GAAP measures for internal budgeting, resource allocation, and comparisons to historical results and competitors.
7Information furnished in the press release is not considered 'filed' for purposes of the Securities Exchange Act of 1934 unless expressly incorporated by reference in other filings.

ADOBE INC. 8-K Report, Financial Results (Mar 18, 2008)

Summary

Key Highlights

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