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

The main purpose of this 8-K filing is to report Adobe Systems Incorporated's financial results for its first fiscal quarter ended February 27, 2009, through an attached press release (Exhibit 99.1). It also provides a detailed explanation of Adobe's methodology and rationale for using non-GAAP financial measures.

What types of financial information are included in this filing?

This filing primarily references a press release that contains Adobe's financial results for the first quarter of fiscal year 2009. It also extensively explains Adobe's non-GAAP financial metrics, including what is excluded (e.g., stock-based compensation, restructuring charges, amortization of intangibles) and why these adjustments are made. Specific GAAP financial figures are not detailed directly within the 8-K text itself.

Why does Adobe use non-GAAP financial measures, and what should investors consider?

Adobe uses non-GAAP measures for internal operational assessments, budgeting, and comparisons to historical performance and competitors. They believe these measures provide supplemental insights into operational performance. Investors should consider these non-GAAP measures as supplementary to, and not a replacement for, the company's official GAAP financial results, as they may differ from how other companies present their non-GAAP information.

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

The actual financial results for the first fiscal quarter ended February 27, 2009, are detailed in the press release attached as Exhibit 99.1 to this 8-K filing.

ADBE 8-K: Earnings & Results

Summary

This 8-K filing from Adobe Systems Incorporated, dated March 17, 2009, announces the company's financial results for its first fiscal quarter ended February 27, 2009. The report primarily includes a press release detailing these results and provides extensive explanation for the company's use of non-GAAP financial measures. These non-GAAP measures, which exclude items such as stock-based compensation, restructuring charges, amortization of purchased intangibles, and investment gains/losses, are presented alongside GAAP figures to offer a perspective on operational performance. Investors should note that Adobe uses these non-GAAP metrics for internal budgeting and to compare performance against historical results and competitors. The company emphasizes that these measures are not a substitute for GAAP and are intended to provide supplemental information. The filing does not contain specific financial figures directly in the 8-K itself but refers to the attached press release (Exhibit 99.1) for the detailed results of operations and financial condition for the first quarter of fiscal year 2009. The chief financial officer, Mark Garrett, signed the report.

Key Highlights

1Adobe Systems Incorporated filed an 8-K on March 17, 2009, reporting its first fiscal quarter financial results ended February 27, 2009.
2The primary content of the filing is a press release (Exhibit 99.1) detailing the company's financial performance.
3Adobe provides a detailed explanation of its use of non-GAAP financial measures, including definitions and reasons for excluding specific items.
4Excluded items from non-GAAP measures include stock-based compensation, restructuring charges, amortization of purchased intangibles, and investment gains/losses.
5The company states that these non-GAAP measures are used for internal decision-making, budgeting, and performance comparisons.
6Adobe emphasizes that non-GAAP measures are supplemental and should be used in conjunction with, not as a replacement for, GAAP financial results.
7The filing does not contain specific numerical financial results directly in the 8-K form, but directs investors to the attached press release for detailed information.

ADOBE INC. 8-K Report, Financial Results (Mar 17, 2009)

Summary

Key Highlights

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