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Top related persons:
Wall - 1 LSEG - 1 Anil Chakravarthy - 1 Shantanu Narayen - 1 Narayen - 1 Adobe - 1
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LSEG
Top related orgs:
Adobe - 1 Creative - 1 Creative Cloud - 1 European Commission - 1 U.S . Department of Justice - 1 DOJ - 1 U.S . Federal Trade Commission - 1 Restore - 1

Search resuls for: "Anil Chakravarthy"


4 mentions found


☆ Adobe shares slide on weaker-than-expected forecast for 2024
  + stars: | 2023-12-13 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Adobe shares dropped more than 6% in extended trading Wednesday after the software maker posted a lighter-than-expected forecast for 2024. Net income increased 26% to $1.48 billion, or $3.23 per share, up from $1.18 billion, or $2.53 per share, in the year-ago quarter. Adobe called for fiscal 2024 earnings per share of $17.60 to $18 on $ $21.3 billion to $21.5 billion in revenue. During the quarter Adobe increased the costs of some subscriptions. Prior to the after-hours move, Adobe shares were up almost 86% this year, outperforming the S&P 500 stock index, which has gained about 23%.
Persons: Wall, LSEG, Anil Chakravarthy, Shantanu Narayen, Narayen, Adobe Organizations: Adobe, Creative, Creative Cloud, European Commission, U.S . Department of Justice, DOJ, U.S . Federal Trade Commission, Restore, FTC, CNBC PRO Locations: LSEG
☆ Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results
  + stars: | 2023-03-15 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Adobe shares rose 5% in extended trading on Wednesday after software maker announced fiscal first-quarter results that topped Wall Street estimates and lifted its full-year foercast. Here's how the company did:Earnings: $3.80 per share, adjusted, vs. $3.68 per share as expected by analysts, according to Refinitiv. $3.80 per share, adjusted, vs. $3.68 per share as expected by analysts, according to Refinitiv. For the second quarter, Adobe expects earnings per share of $3.75 to $3.80 on an adjusted basis and $4.75 billion to $4.78 billion in revenue. Analysts surveyed by Refinitiv had been expecting $3.76 per share in adjusted earnings and $4.76 billion in revenue.
☆ 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.
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