Adobe is Q1 '97 success

Adobe (San Jose, Nasdaq: ADBE, http://www.adobe.com

) announces a successful start to the 1997 fiscal year. Q1 '97 operating revenue of $226.5 million is an Adobe record and compares with $193.6 million in Q1 '96. Application products account for $175 million in revenue and licensing revenue contributes another $51.5 million. Net income of $46.5 million grew from $33.7 million in the corresponding period of 1996.

Adobe is introducing a new venture stock dividend program for shareholders. The company will report dividend results for the 23 companies in which it has investments. Verity, FileNet and Netscape Communications are among that group.