ADBE: "We were definitely off the most in Europe"

Executives

Mike Saviage - Former Vice President of Investor Relations

Mark Garrett - Chief Financial Officer and Executive Vice President

Shantanu Narayen - Chief Executive Officer, President and Director

Analysts

Brent Thill - UBS Investment Bank, Research Division

Adam H. Holt - Morgan Stanley, Research Division

Mark L. Moerdler - Sanford C. Bernstein & Co., Inc., Research Division

Daniel T. Cummins - ThinkEquity LLC, Research Division

Michael J. Olson - Piper Jaffray Companies, Research Division

Steven M. Ashley - Robert W. Baird & Co. Incorporated, Research Division

Brad A. Zelnick - Macquarie Research

Chad Bartley - Pacific Crest Securities, Inc., Research Division

Kenneth Wong

David M. Hilal - FBR Capital Markets & Co., Research Division

Ross MacMillan - Jefferies & Company, Inc., Research Division

Jay Vleeschhouwer - Griffin Securities, Inc., Research Division