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Business Description
Macromedia, Inc. is an independent software company providing software that empowers designers, developers and business users to create and deliver effective user experiences on the Internet, fixed media and wireless and digital devices. The Company's integrated family of technologies enables the development of Internet solutions, including Websites, rich media content and Internet applications across multiple platforms and devices. Macromedia serves three markets: the Designer and Developer, the Business User and the Consumer. In January 2003, the Company acquired Presedia, Inc., a provider of online presentation and e-learning solutions for sales, marketing, corporate communications and online training. In December 2003, the Company acquired eHelp Corporation, a company engaged in help authoring.

Financial Information
For the six months ended 9/30/04, revenues increased 22% to $211.5 million. Net income increased 78% to $29.4 million. Revenues reflect increased sales of development tools and the release of Studio MX 2004. Net income also benefitted from a decrease in research and development expenses.