8-KEarnings & ResultsExhibits & Filings

ADOBE INC. 8-K Report, Financial Results (Jun 16, 2008)

Filed June 16, 2008For Securities:ADBE

Summary

This 8-K filing by Adobe Inc. on June 16, 2008, primarily serves to announce the company's strong financial results for its second fiscal quarter ended May 30, 2008. The report highlights the issuance of a press release detailing these results, which included both GAAP and non-GAAP financial measures. Investors should note that Adobe utilizes non-GAAP measures to provide a clearer view of its operational performance, excluding items such as stock-based compensation, restructuring charges, amortization of purchased intangibles, and investment gains/losses. The company emphasizes that these non-GAAP figures are supplemental and should be considered alongside GAAP results. The press release, incorporated by reference, is the key piece of information for investors, as it contains the actual financial performance data. The filing itself is procedural, indicating the release of this important quarterly update and providing context for the non-GAAP adjustments Adobe makes, which are designed to offer insights into core operational profitability and facilitate comparisons with historical results and competitors.

Key Highlights

  • 1Adobe Systems Incorporated filed an 8-K on June 16, 2008, to report its second fiscal quarter financial results.
  • 2The filing incorporates by reference a press release titled 'Adobe Reports Strong Second Quarter Results' issued on June 16, 2008.
  • 3The report details Adobe's use of non-GAAP financial measures alongside GAAP results.
  • 4Non-GAAP measures exclude stock-based compensation, restructuring charges, amortization of purchased intangibles, and investment gains/losses.
  • 5Adobe believes these non-GAAP measures offer meaningful supplemental information on operational performance and aid in budgeting and comparisons.
  • 6The press release contains the specific financial results and forecasts for the quarter.
  • 7The filing includes the signature of Mark Garrett, Executive Vice President and Chief Financial Officer.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce and provide details of Adobe's financial results for its second fiscal quarter ended May 30, 2008, through an attached press release.

Non-GAAP financial measures are metrics that exclude certain items from GAAP (Generally Accepted Accounting Principles) calculations. Adobe uses them to provide a clearer view of its core operational performance by excluding items like stock-based compensation, restructuring charges, and amortization of intangibles, which are considered non-cash or not reflective of ongoing operations. They are intended to aid in internal budgeting, resource allocation, and comparisons with historical results and competitors.

The actual financial results for the second quarter ended May 30, 2008, are detailed in the press release titled 'Adobe Reports Strong Second Quarter Results,' which was issued on June 16, 2008, and is incorporated by reference into this 8-K filing as Exhibit 99.1.

The information provided in this report and the attached press release is furnished and does not constitute a formal filing under the Securities Exchange Act of 1934, unless expressly stated otherwise in a specific filing. This means the non-GAAP measures are provided for supplemental information and investor understanding, rather than as officially filed financial statements.