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Marvell names Adobe's Dan Durn as finance chief amid growing AI demand
Marvell names Adobe's Dan Durn as finance chief amid growing AI demand June 11 : Marvell Technology on Thursday named Adobe's Dan Durn as chief financial officer, succeeding Willem Meintjes, who is stepping down after more than three years in the role. Durn will take charge at Marvell starting June 15, while Meintjes will remain with the semiconductor company in an advisory role through April 2027 to support the transition. The appointment comes as Marvell looks to benefit from a surge in...
Adobe raises annual forecasts, CFO exit fans uncertainty over growth strategy
Adobe raises annual forecasts, CFO exit fans uncertainty over growth strategy June 11 : Adobe raised its annual revenue and profit forecasts on Thursday, but the sudden exit of CFO Dan Durn added to concerns about the company's strategy to navigate the crowded design industry. Shares of the Photoshop maker fell 5 per cent in extended trading.
Adobe raises annual revenue forecast, CFO to exit
Adobe raises annual revenue forecast, CFO to exit June 11 : Adobe raised its annual revenue forecast on Thursday, signaling increased adoption of its AI tools, and announced the departure of CFO Dan Durn, only three months after the Photoshop maker's CEO said he would step down. Shares of the company fell around 6 per cent in extended trading. The company now expects revenue of between $26.5 billion and $26.6 billion, compared with its earlier forecast of between $25.9 billion and $26.1 billion.