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Adobe Systems

Adobe has been an important niche player in the PC biz for 23 years, so how do you explain its torrid 29% growth in 2004? The best metaphor is "clicking on all cylinders." CEO Bruce Chizenís 2003 decision to package Adobeís popular, but expensive, desktop-publishing programs into the affordable Adobe Creative Suite is paying off with market share gains against rival Quark. Its strategy to make Adobe Acrobat, PDF files, and its document management programs de facto standards in corporations is working. And now the company is broadening out with its $3.4 billion acquisition of Macromedia -- a leader in Web-site publishing. No wonder Adobe's stock is up by one-third in the past year.

Company Info

Revenues* $1.7 BILLION
Revenue Growth 20.8%
Return on Equity 29.5%
Total Return48.6%
Profits* $479.3 MILLION
All figures are for the most recent available 12 months.

* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.

Data provided by Standard & Poor's Compustat, BusinessWeek

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Company Snapshot

Adobe Systems Incorporated offers a line of software and services for public and private sectors in the United States. The company operates through four segments: Creative Professional, Digital Imaging and Video, Intelligent Documents, and OEM PostScript and Other. Creative Professional segment provides software tools for professional publishing, Web design, business document publishing, and printing information. Its tools are also used to create printed and online information, including newspapers, magazines, Web sites, catalogs, advertisements, brochures, product documentation, technical manuals, books, memos, reports, and banners. Digital Imaging and Video segment offers solutions to create and enhance digital images and photographs, digital video, audio, and animations. Intelligent Documents segment provides both desktop and server-based software, which creates documents that can be viewed, interacted with, and integrated into existing business processes. OEM PostScript and Other segment offers production printing technology for graphics professionals and professional publishers; and also licenses its technology to original equipment manufacturers (OEMs) that manufacture printers and other output devices. The company also provides professional services, technical support, and customer services. In addition, it owns limited partnership interests in three venture capital limited partnerships that invest in early stage companies; and also makes direct investments in privately held companies. Adobe Systems’ customers include creative professionals, such as graphic designers, Web designers, videographers, photographers, and professional publishers; enterprise users, such as knowledge workers, information technology managers, line of business managers, and executives; and consumers, including digital imaging and digital video hobbyists. The company distributes its products through a network of distributors and dealers, value-added resellers, systems integrators, independent software vendors, and OEMs; direct to end users; and through its own Web site. Adobe Systems has international offices in Australia, Belgium, Brazil, Canada, China, Denmark, England, Finland, France, Germany, India, Ireland, Italy, Japan, Korea, Mexico, the Netherlands, Norway, Portugal, Scotland, Singapore, Spain, Sweden, Switzerland, and Taiwan. The company was founded in 1982 and is headquartered in San Jose, California.

No. of Employees


Data provided by Capital IQ
Bruce R. Chizen

Bruce R. Chizen

AGE: 49


Chief Executive Officer and Director

CEO Bio >

Total Compensation*


Total Value of Options**


Degrees Held

Brooklyn College, NY (BS)

* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year

Key Executives

Bruce R. Chizen, Shantanu Narayen, John D. Brennan, Karen O. Cottle, Murray J. Demo, Melissa Dyrdahl, James Heeger, Ivan Koon, Bryan Lamkin, Jim Stephens, Theresa Townsley

Board Members

Bruce R. Chizen, Colleen M. Pouliot, John Warnock, Charles M. Geschke, Carol Mills Baldwin, Robert Sedgewick, Delbert W. Yocam, James E. Daley, Michael R. Cannon

Data provided by Capital IQ
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