Exhibit 99.1

Investor Relations Contact

Mike Saviage

Adobe Systems Incorporated

408-536-4416

ir@adobe.com

Public Relations Contact

Jodi Sorensen

Adobe Systems Incorporated

408-536-2084

jsorensen@adobe.com

FOR IMMEDIATE RELEASE

Adobe Reports Record Quarterly and Annual Revenue

Company Drives Strong Adobe Creative Cloud and Adobe Marketing Cloud Adoption in Fiscal 2012

SAN JOSE, Calif. - Dec. 13, 2012- Adobe Systems Incorporated (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year ended Nov. 30, 2012.

Adobe achieved revenue in Q4 FY2012 of $1.153 billion, exceeding its targeted range of $1.075 billion to $1.125 billion. During the quarter, the Company continued to accelerate adoption of Adobe® Creative Cloud™ as it migrates to a subscription model. Adobe also achieved record Adobe Marketing Cloud and Document Services revenue during the fourth quarter.

For fiscal year 2012, Adobe achieved record revenue of $4.4 billion.

Fourth Quarter Financial Highlights

• Diluted earnings per share were $0.44 on a GAAP-basis, and $0.61 on a non-GAAP basis.

• Operating income was $307.8 million and net income was $222.3 million on a GAAP basis. Operating income was $414.7 million and net income was $307.9 million on a non-GAAP basis.

• Cash flow from operations was $473.7 million.

• Deferred revenue grew by $59.3 million to a record $619.6 million.

• Adobe added approximately 10,000 Creative Cloud subscriptions per week during the quarter, versus the addition of 8,000 subscriptions per week in the third quarter.

• In Document Services, which includes the Adobe Acrobat® product family, Adobe also achieved record revenue of $210.2 million during the quarter.

• Adobe Marketing Cloud achieved record quarterly revenue of $220.4 million, which represents 32 percent year-over-year growth.

A reconciliation between GAAP and non-GAAP results is provided at the end of this press release.

Fiscal Year 2012 Financial Highlights

• Adobe achieved record revenue of $4.404 billion. Annual GAAP diluted earnings per share for fiscal 2012 were $1.66, and annual non-GAAP diluted earnings per share were $2.35.

• Annual operating income was $1.180 billion and net income was $833 million on a GAAP basis. Annual operating income was $1.597 billion and net income was $1.183 billion on a non-GAAP basis.

• Adobe generated $1.5 billion in cash flow during the year.

• Creative Cloud paid subscriptions grew to 326,000 as of the end of the year, with exiting annualized recurring revenue of $153 million for the Creative business.

• Document Services achieved record annual revenue of $786 million.

• Adobe Marketing Cloud achieved a record $777 million in reported annual revenue, representing 35 percent year-over-year growth.

• The company repurchased 11.5 million shares during the year, returning approximately $372 million of cash to stockholders.

Executive Quotes

“We beat our Creative Cloud subscription goals and established Adobe Marketing Cloud as the leader in the exploding category of Digital Marketing during fiscal 2012,” said Shantanu Narayen, president and chief executive officer, Adobe. “In fiscal 2013 we intend to accelerate our pace of innovation, and drive integration between Creative Cloud and Adobe Marketing Cloud.”

“We're driving migration to a subscription model in our Creative business faster than we predicted a year ago, and we are confident fiscal 2013 will be the pivotal year for the transition,” said Mark Garrett, executive vice president and chief financial officer, Adobe. “This will yield a stronger, more predictable recurring revenue model with higher long-term revenue growth.”

Adobe to Webcast Earnings Conference Call

Adobe will webcast its fourth quarter and fiscal year 2012 earnings conference call today at 2:00 p.m. Pacific Time from its investor relations website: www.adobe.com/ADBE. The company will discuss financial targets for the first quarter of fiscal 2013 as well as fiscal year 2013 on its Q4 and FY2012 earnings call. A copy of Adobe management's prepared remarks, including financial targets and conference call slides, has been posted to Adobe's investor relations website in advance of the conference call for reference.

A reconciliation between GAAP and non-GAAP financial targets is also provided on the website.

Forward-Looking Statements Disclosure

This press release contains forward-looking statements, including those related to the transition of our business as we migrate to a subscription model, increases in recurring revenue, long-term revenue growth and our ability to continue to innovate and execute against our strategy in our key growth areas and drive integration between those areas, which involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: failure to develop, market and distribute products and services that meet customer requirements, introduction of new products and business models by competitors, failure to successfully manage transitions to new business models and markets, including our increased emphasis on a cloud and subscription strategy, fluctuations in subscription renewal or upgrade rates, continued uncertainty in economic conditions and the financial markets, difficulty in predicting revenue from new businesses and the potential impact on our financial results from changes in our business models, and failure to realize the anticipated benefits of past or future acquisitions.

For a discussion of these and other risks and uncertainties, please refer to Adobe's Annual Report on Form 10-K for the fiscal year ended December 2, 2011 and its Quarterly Reports on Form 10-Q for the fiscal quarters ended March 2, 2012, June 1, 2012 and Aug. 31, 2012.

The financial information set forth in this press release reflects estimates based on information available at this time. These amounts could differ from actual reported amounts stated in Adobe's Annual Report on Form 10-K for our year ended Nov. 30, 2012, which Adobe expects to file in Jan. 2013.

Adobe assumes no obligation to, and does not currently intend to, update these forward-looking statements.

About Adobe Systems Incorporated

Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.

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© 2012 Adobe Systems Incorporated. All rights reserved. Adobe, the Adobe logo, Creative Cloud and Acrobat are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners.

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Condensed Consolidated Statements of Income

(In thousands, except per share data; unaudited)

	Three Months Ended						Year Ended
	November 30, 2012			December 2, 2011			November 30, 2012			December 2, 2011
Revenue:
Products	$	852,843		$	931,895		$	3,342,843		$	3,416,483
Subscription	194,537			128,437			673,206			458,634
Services and support	106,048			91,829			387,628			341,141
Total revenue	1,153,428			1,152,161			4,403,677			4,216,258
Cost of revenue:
Products	28,687			34,048			121,663			125,640
Subscription	59,308			51,334			219,102			194,033
Services and support	36,983			30,997			143,017			118,200
Total cost of revenue	124,978			116,379			483,782			437,873
Gross profit	1,028,450			1,035,782			3,919,895			3,778,385
Operating expenses:
Research and development	195,047			195,403			742,823			738,053
Sales and marketing	402,181			368,330			1,516,159			1,385,822
General and administrative	111,449			119,586			434,982			414,605
Restructuring and other related charges	(275		)	94,502			(2,917		)	97,773
Amortization of purchased intangibles	12,283			11,830			48,657			42,833
Total operating expenses	720,685			789,651			2,739,704			2,679,086
Operating income	307,765			246,131			1,180,191			1,099,299
Non-operating income (expense):
Interest and other income (expense), net	(718		)	(1,351		)	(3,414		)	(2,974		)
Interest expense	(16,767		)	(16,774		)	(67,487		)	(66,952		)
Investment gains (losses), net	351			5,174			9,504			5,857
Total non-operating income (expense), net	(17,134		)	(12,951		)	(61,397		)	(64,069		)
Income before income taxes	290,631			233,180			1,118,794			1,035,230
Provision for income taxes	68,298			59,461			286,019			202,383
Net income	$	222,333		$	173,719		$	832,775		$	832,847
Basic net income per share	$	0.45		$	0.35		$	1.68		$	1.67
Shares used to compute basic net income per share	494,906			491,523			494,731			497,469
Diluted net income per share	$	0.44		$	0.35		$	1.66		$	1.65
Shares used to compute diluted net income per share	502,154			496,288			502,721			503,921

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Condensed Consolidated Balance Sheets

(In thousands, except par value; unaudited)

	November 30, 2012			December 2, 2011
ASSETS
Current assets:
Cash and cash equivalents	$	1,425,052		$	989,500
Short-term investments	2,113,301			1,922,192
Trade receivables, net of allowances for doubtful accounts of $12,643 and $15,080,      respectively	617,233			634,373
Deferred income taxes	59,537			91,963
Prepaid expenses and other current assets	116,237			133,423
Total current assets	4,331,360			3,771,451
Property and equipment, net	664,302			527,828
Goodwill	4,133,259			3,849,217
Purchased and other intangibles, net	545,036			545,526
Investment in lease receivable	207,239			207,239
Other assets	93,327			89,922
Total assets	$	9,974,523		$	8,991,183
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Trade payables	$	49,759		$	86,660
Accrued expenses	590,140			554,941
Capital lease obligations	11,217			9,212
Accrued restructuring	9,287			80,930
Income taxes payable	49,886			42,634
Deferred revenue	561,463			476,402
Total current liabilities	1,271,752			1,250,779
Long-term liabilities:
Debt and capital lease obligations	1,496,938			1,505,096
Deferred revenue	58,102			55,303
Accrued restructuring	12,263			7,449
Income taxes payable	155,096			156,958
Deferred income taxes	265,106			181,602
Other liabilities	50,084			50,883
Total liabilities	3,309,341			3,208,070
Stockholders' equity:
Preferred stock, $0.0001 par value; 2,000 shares authorized	—			—
Common stock, $0.0001 par value	61			61
Additional paid-in-capital	3,038,665			2,753,896
Retained earnings	7,003,003			6,528,735
Accumulated other comprehensive income	30,712			29,950
Treasury stock, at cost (106,702 and 109,294 shares, respectively), net of reissuances	(3,407,259		)	(3,529,529		)
Total stockholders' equity	6,665,182			5,783,113
Total liabilities and stockholders' equity	$	9,974,523		$	8,991,183

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Condensed Consolidated Statements of Cash Flows

(In thousands; unaudited)

	Three Months Ended
	November 30, 2012			December 2, 2011
Cash flows from operating activities:
Net income	$	222,333		$	173,719
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion	78,621			73,290
Stock-based compensation expense	73,535			72,527
Unrealized investment gains	(281		)	(5,811		)
Changes in deferred revenue	59,232			47,399
Changes in other operating assets and liabilities	40,219			135,629
Net cash provided by operating activities	473,659			496,753
Cash flows from investing activities:
Purchases, sales and maturities of short-term investments, net	(33,250		)	18,826
Purchases of property and equipment	(81,789		)	(74,897		)
Purchases of long-term investments, intangibles and other assets, net of sales	(14,436		)	(51,684		)
Acquisitions, net of cash	—			(151,925		)
Net cash used for investing activities	(129,475		)	(259,680		)
Cash flows from financing activities:
Purchases of treasury stock	(100,000		)	—
Reissuance of treasury stock	19,089			1,191
Repayment of debt and capital lease obligations	(2,985		)	(2,243		)
Excess tax benefits from stock-based compensation	3,477			853
Net cash used for financing activities	(80,419		)	(199		)
Effect of exchange rate changes on cash and cash equivalents	(1,093		)	(16,586		)
Net increase in cash and cash equivalents	262,672			220,288
Cash and cash equivalents at beginning of period	1,162,380			769,212
Cash and cash equivalents at end of period	$	1,425,052		$	989,500

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Non-GAAP Results

(In thousands, except per share data)

The following tables show Adobe's GAAP results reconciled to non-GAAP results included in this release.

	Three Months Ended									Year Ended
	November 30, 2012			December 2, 2011			August 31, 2012			November 30, 2012			December 2, 2011
Operating income:
GAAP operating income	$	307,765		$	246,131		$	278,304		$	1,180,191		$	1,099,299
Stock-based and deferred compensation expense	76,248			75,450			80,682			300,277			286,048
Restructuring and other related charges	(275		)	94,502			2,374			(2,917		)	97,773
Amortization of purchased intangibles	30,912			28,444			30,410			119,890			104,005
Non-GAAP operating income	$	414,650		$	444,527		$	391,770		$	1,597,441		$	1,587,125
Net income:
GAAP net income	$	222,333		$	173,719		$	201,357		$	832,775		$	832,847
Stock-based and deferred compensation expense	76,248			75,450			80,682			300,277			286,048
Restructuring and other related charges	(275		)	94,502			2,374			(2,917		)	97,773
Amortization of purchased intangibles	30,912			28,444			30,410			119,890			104,005
Investment (gains) losses	(351		)	(5,174		)	(944		)	(9,504		)	(5,857		)
Income tax adjustments	(20,962		)	(34,347		)	(22,685		)	(57,290		)	(131,400		)
Non-GAAP net income	$	307,905		$	332,594		$	291,194		$	1,183,231		$	1,183,416
Diluted net income per share:
GAAP diluted net income per share	$	0.44		$	0.35		$	0.40		$	1.66		$	1.65
Stock-based and deferred compensation expense	0.15			0.15			0.16			0.60			0.57
Restructuring and other related charges	—			0.19			—			(0.01		)	0.19
Amortization of purchased intangibles	0.06			0.06			0.06			0.24			0.21
Investment (gains) losses	—			(0.01		)	—			(0.02		)	(0.01		)
Income tax adjustments	(0.04		)	(0.07		)	(0.04		)	(0.12		)	(0.26		)
Non-GAAP diluted net income per share	$	0.61		$	0.67		$	0.58		$	2.35		$	2.35
Shares used in computing diluted net income per share	502,154			496,288			499,757			502,721			503,921

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Non-GAAP Results (continued)

(In thousands, except percentages)

	Three Months Ended									Year Ended
	November 30, 2012			December 2, 2011			August 31, 2012			November 30, 2012			December 2, 2011
Operating expenses:
GAAP operating expenses	$	720,685		$	789,651		$	682,655		$	2,739,704		$	2,679,086
Stock-based and deferred compensation expense	(70,658		)	(71,435		)	(75,762		)	(280,746		)	(270,268		)
Restructuring and other related charges	275			(94,502		)	(2,374		)	2,917			(97,773		)
Amortization of purchased intangibles	(12,283		)	(11,830		)	(12,331		)	(48,657		)	(42,833		)
Non-GAAP operating expenses	$	638,019		$	611,884		$	592,188		$	2,413,218		$	2,268,212

	Three Months Ended
	November 30, 2012
Effective income tax rate:
GAAP effective income tax rate	23.5	%
Stock-based and deferred compensation expense	(0.7	)
Amortization of purchased intangibles	(0.3	)
Non-GAAP effective income tax rate	22.5	%

Adobe continues to provide all information required in accordance with GAAP, but believes evaluating its ongoing operating results may not be as useful if an investor is limited to reviewing only GAAP financial measures. Accordingly, Adobe uses non-GAAP financial information to evaluate its ongoing operations and for internal planning and forecasting purposes. Adobe's management does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Adobe presents such non-GAAP financial measures in reporting its financial results to provide investors with an additional tool to evaluate Adobe's operating results in a manner that focuses on what Adobe believes to be its ongoing business operations. Adobe's management believes it is useful for itself and investors to review, as applicable, both GAAP information that includes the stock-based and deferred compensation expenses, restructuring charges, amortization of purchased intangibles, investment gains and losses and the related tax impact of all of these items, income tax adjustments, the income tax effect of the non-GAAP pre-tax adjustments from the provision for income taxes, and the non-GAAP measures that exclude such information in order to assess the performance of Adobe's business and for planning and forecasting in subsequent periods. Whenever Adobe uses such a non-GAAP financial measure, it provides a reconciliation of the non-GAAP financial measure to the most closely applicable GAAP financial measure. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measure as detailed above.

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