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Adobe reports fourth quarter and fiscal 2002 results

Adobe Systems today reported financial results for its fourth quarter and fiscal year ended November 29, 2002. The company reported fourth quarter revenue of US$294.7 million, compared to $264.5 million reported for the fourth quarter of fiscal 2001 and $284.9 million reported in the third quarter of 2002. In fiscal 2002, Adobe achieved revenue of $1.165 billion, compared to $1.230 billion in fiscal 2001. For the first quarter of fiscal 2003, the company announced that it is targeting revenue at $275 million to $290 million.

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