Adobeq1Fy2012

Adobe Systems Incorporated

3/19/2012

Q1 FY2012 Earnings Call Script

FINAL Draft

MIKE SAVIAGE

Good afternoon and thank you for joining us today.

Joining me on the call are Adobe’s President and CEO, Shantanu Narayen, as well as Mark Garrett,

Executive Vice President and CFO.

In the call today, we will discuss Adobe’s first quarter fiscal year 2012 financial results. By now, you

should have a copy of our earnings press release which crossed the wire approximately one hour ago. If

you need a copy of the press release, you can go to Adobe.com under the Company and News Room

links to find an electronic copy.

Before we get started, I want to emphasize that some of the information discussed in this call,

particularly our revenue and operating model targets, and our forward-looking product plans, is based on

information as of today, March 19th, 2012, and contains forward-looking statements that involve risk and

uncertainty. Actual results may differ materially from those set forth in such statements. For a discussion

of these risks and uncertainties, you should review the Forward-Looking Statements Disclosure in the

earnings press release we issued today, as well as Adobe’s SEC filings.

During this call, we will discuss GAAP and non-GAAP financial measures. A reconciliation between

the two is available in today’s earnings release and on our investor relations website in the Investor data

sheet.

Call participants are advised that the audio of this conference call is being broadcast live over the

Internet in Adobe Connect, and is also being recorded for playback purposes. An archive of the call will

be made available on Adobe’s Investor Relations web site for approximately 45 days, and is the property

of Adobe Systems. The audio and archive may not be re-recorded, or otherwise reproduced or

distributed without prior written permission from Adobe Systems.

I will now turn the call over to Shantanu.

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