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Marvell taps Adobe's Dan Durn as CFO to ride AI data-center wave
business29 days ago

Marvell taps Adobe's Dan Durn as CFO to ride AI data-center wave

Marvell Technology named Adobe executive Dan Durn as chief financial officer, effective June 15, succeeding Willem Meintjes who will stay on in an advisory role through 2027; Durn brings semiconductor-finance experience from Applied Materials, NXP Semiconductors, Freescale and GlobalFoundries, and the move aims to capitalize on surging AI data-center demand, with Marvell's revenue outlook for 2028-2029 raised; shares slid about 2% in extended trading.

via Yahoo Finance|
#adobe-inc#ai-data-center#business
Adobe earnings beat masks slower AI gains as Narayen exits
markets4 months ago

Adobe earnings beat masks slower AI gains as Narayen exits

Adobe topped Q1 revenue and adjusted earnings expectations, but annual recurring revenue growth slowed to 10.9% to about $26.1 billion, signaling AI-driven monetization isn’t accelerating yet. CEO Shantanu Narayen will step down after 18 years (remaining as chair until a successor is named). The stock fell after hours and is down roughly 19% for the year, even as Firefly and freemium user growth highlight potential, with management guiding to a back-half revenue acceleration rather than immediate upside.

via MarketWatch|
#adobe-inc#artificial-intelligence-technologies#earnings-results