EXHIBIT 11
ADOBE SYSTEMS INCORPORATED
COMPUTATION OF EARNINGS PER COMMON SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
YEARS ENDED
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DECEMBER 1 NOVEMBER 25 NOVEMBER 26
1995 1994 1993
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Net income.............................................................. $ 93,485 $ 15,337 $ 42,007
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Primary shares outstanding:
Weighted average shares outstanding during the year................... 71,456 67,755 65,756
Common stock equivalent shares........................................ 2,797 2,414 2,496
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74,253 70,169 68,252
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Fully diluted shares outstanding:
Weighted average shares outstanding during the year................... 71,456 67,755 65,756
Common stock equivalent shares........................................ 2,958 2,613 2,540
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74,414 70,368 68,296
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Primary net income per common stock and common stock equivalent share... $ 1.26 $ 0.22 $ 0.62
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Fully diluted net income per common stock and common stock equivalent
share.................................................................. $ 1.26 $ 0.22 $ 0.62
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