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Search resuls for: "Shantanu Narayen"


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☆ Leaders who want longevity in their role need to love what they do and 'have other passions,' Adobe CEO says
  + stars: | 2023-01-09 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +3 min
Adobe CEO Shantanu Narayen told the WSJ that leaders who don't love what they do can't do their jobs. Narayen has been Adobe's CEO for 15 years, a longer tenure than that of most tech leaders. Narayen, who has been Adobe CEO since 2007, gave his advice to other leaders looking for long tenures. He added that he has "no idea" what he would do if he wasn't Adobe CEO. "I'm probably not as out there as other CEOs," Narayen told Insider.
☆ Adobe's revenue up 10% year-over-year on the back of subscription gains
  + stars: | 2022-12-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe's revenue up 10% year-over-year on the back of subscription gainsAdobe CEO Shantanu Narayen joins 'TechCheck' to remark on the success of Adobe's subscription model, the ability for Adobe's revenue to be profitable despite currency headwinds and the opportunities for Adobe to make gains going forward.
☆ Adobe stock climbs on a more profitable quarter than predicted
  + stars: | 2022-12-15 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
Here's how the company did:Earnings: $3.60 per share, adjusted, vs. $3.50 per share as expected by analysts, according to Refinitiv. $3.60 per share, adjusted, vs. $3.50 per share as expected by analysts, according to Refinitiv. Revenue: $4.53 billion, vs. $4.53 billion as expected by analysts, according to Refinitiv. In the previous quarter revenue rose by 13%. In the quarter Adobe said it would buy design software startup Figma for about $20 billion in the 40-year-old public company's largest transaction to date.
☆ After leading $20 billion Figma deal, Adobe's David Wadhwani is in prime spot to be next CEO
  + stars: | 2022-10-31 | by ( Jordan Novet | ) www.cnbc.com   time to read: +15 min
The business Wadhwani oversees is roughly three times the size as Chakravarthy's in terms of revenue. For Wadhwani, Figma represents a risky bet on growth at a time when Wall Street is telling tech companies to tighten their belts and preserve cash. The make-or-break betIn his 15-year tenure as CEO, Narayen hasn't been shy about dealmaking, just at a smaller size. And it might be Wadhwani's make-or-break opportunity to prove he should be CEO of the fourth-biggest U.S. business software company by market cap. Shantanu Narayen, CEO, Adobe Mark Neuling | CNBCThe revenue became more predictable and less closely associated with product releases.
☆ Adobe CEO Shantanu Narayen: We're looking to build this company for the long run
  + stars: | 2022-10-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe CEO Shantanu Narayen: We're looking to build this company for the long runAdobe CEO Shantanu Narayen joins 'TechCheck' for an exclusive CNBC interview to discuss long-term investment opportunities in the current macroeconomic environment, Adobe's Figma acquisition and the company's mission to accelerate collaboration technology.
☆ Adobe stock jumps on estimates for next year as strong dollar cuts into growth
  + stars: | 2022-10-18 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
Shantanu Narayen, chairman and chief executive officer of Adobe Systems Inc., during a telecast of the SoftBank World event in Tokyo arranged in Kawasaki, Kanagawa Prefecture, Japan, on Thursday, Oct. 29, 2020. SoftBank World, the company's annual two-day event for customers and suppliers, ends Friday. The forecast excludes impact from its planned $20 billion acquisition of design software startup Figma, which is expected to close in 2023. Analysts polled by Refinitiv had expected adjusted earnings of $15.53 per share on $19.82 billion in revenue. WATCH: The design space overall has a lot of room to run, says Bessemer Venture Partners' Elliott Robinson
☆ Tech News & Analysis
  + stars: | 2022-09-19 | by ( ) www.wsj.com   time to read: 1 min
◆ WSJ News Exclusive China Steps Up Robotics Push as Workforce Shrinks China installed almost as many robots in its factories last year as the rest of the world, accelerating a rush to automate and consolidate its manufacturing dominance. 6 min read Chinese Companies Alter Products, Strategies to Offset Rising CostsWhy Adobe Wants Figma and Why Some Investors Are Worried The $20 billion price tag is spooking investors and raising questions among analysts, but Adobe CEO Shantanu Narayen said an earlier successful revamp at the company was also met with early skepticism.
☆ Business & Finance News
  + stars: | 2022-09-19 | by ( ) www.wsj.com   time to read: +1 min
The architect of the coffee chain’s rise, now interim chief, vows to mold a new generation of leaders and improve service. 5 min readStarbucks CEO Howard Schultz Plots Priorities in His Final Six Months in the RoleThe cooling housing market is threatening demand for items such as appliances, furniture and curtains. 5 min readRising natural-gas prices amid short supplies are expected to make it more expensive to light and heat homes in the coming months. 5 min readPharmaceutical companies sued to lift border-agency ban on practice that accounts for up to 10% of national plasma supply. 3 min readMexicans Can Cross U.S. Border to Get Paid for Plasma, Court RulesWhy Adobe Wants Figma and Why Some Investors Are Worried The $20 billion price tag is spooking investors and raising questions among analysts, but Adobe CEO Shantanu Narayen said an earlier successful revamp at the company was also met with early skepticism.
☆ Adobe’s $20 bln deal uses ample creative license
  + stars: | 2022-09-15 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +3 min
The design technology titan is acquiring startup Figma for $20 billion, using roughly half cash and half shares, in a deal that will significantly beef up its online collaboration capabilities. Even if it doubled again in 2023, it would represent just 4% of the $20 billion that analysts expect Adobe to generate, according to Refinitiv. Register now for FREE unlimited access to Reuters.com RegisterThis math suggests Narayen has used too much creative license. And yet even then Adobe saw fit to double up on the $10 billion Figma valuation from June 2021, per PitchBook, and shell out an eye-popping multiple of sales. CONTEXT NEWSAdobe said on Sept. 15 it had agreed to buy digital design rival Figma for about $20 billion, paying about half in cash and half in shares.
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