Adobe CEO to Lead Purdue Lecture on AI's Future Shantanu Narayen, chair and CEO of Adobe, will deliver a keynote address at Purdue University on March 25 as part of the university’s Presidential Lecture Series. The event, titled “AI’s Next Wave: Delivering Intelligence Inside Software,” will take place at 4 p.m. in Stewart Center’s Fowler Hall. Attendees are encouraged to arrive by 3:30 p.m. for the event, which is free and open to the public but requires a ticket. The Purdue Convocations bag policy will apply. Purdue President Mung Chiang highlighted the significance of the lecture, stating that the series aims to connect the university community with leaders across disciplines. “Bringing Adobe’s CEO to Purdue is a unique opportunity for our campus,” Chiang said. “Under Chief Executive Narayen’s transformative leadership for nearly two decades, Adobe has redefined how we create and communicate through digital experiences, serving a diverse range of customers from students and artists to enterprises.” Narayen has led Adobe’s evolution into a global innovator by introducing a cloud-based subscription model for creative tools, establishing standards for digital documents, and pioneering the digital experience category. His current focus includes advancing Adobe’s AI initiatives, driving innovations in creativity, productivity, and customer engagement, and expanding the company’s reach to more users. Narayen joined Adobe in 1998 as vice president and general manager of its engineering technology group. He rose through the ranks to become president and chief operating officer in 2005, CEO in 2007, and chair of the board in 2017. During his tenure, Adobe has consistently achieved record revenue. Beyond Adobe, Narayen serves as vice chair of the U.S.#shantanu_narayen #purdue_university #presidential_lecture_series #stewart_center #mung_chiang
Adobe CEO Shantanu Narayen to Lead Purdue Presidential Lecture Series on AI Adobe Chair and CEO Shantanu Narayen will participate in the inaugural Presidential Lecture Series at Purdue University on Wednesday, February 26, discussing artificial intelligence. The event, hosted by Purdue President Mung Chiang, will take place at Fowler Hall in the Stewart Center, with doors opening at 3:30 p.m. and the lecture scheduled for 4 p.m. Admission is free and open to the public, though tickets are required. Narayen, who has led Adobe for over two decades, is set to address the campus community about the company’s role in shaping digital experiences. Chiang emphasized the significance of the event, stating that the lecture series aims to connect Purdue’s students, faculty, and staff with leaders across various fields. “Bringing Adobe’s CEO to Purdue is a unique opportunity for our campus,” Chiang noted, highlighting Narayen’s transformative impact on the company. Under Narayen’s leadership, Adobe has evolved into a global innovator, introducing a cloud-based subscription model for its products and establishing standards for digital documents. The company has also expanded its focus on digital experiences, with Narayen currently driving Adobe’s AI initiatives to reach a broader audience. Narayen’s career at Adobe began in 1998 as vice president and general manager of the engineering technology group. He later became president and COO in 2005, CEO in 2007, and chair of the board in 2017. During his tenure as CEO, Adobe has achieved record revenue, according to Purdue’s news website. Beyond his role at Adobe, Narayen is actively involved in other organizations. He serves as vice chair of the U.S.-India Strategic Partnership Forum and is a board member of Pfizer.#shantanu_narayen #adobe #purdue_university #stewart_center #mung_chiang
A Top Tech CEO to Discuss AI's Future at Purdue Adobe’s Chair and CEO, Shantanu Narayen, will visit Purdue University on March 25 to participate in a discussion about the future of artificial intelligence. The event, part of the university’s Presidential Lecture Series, will take place at 4 p.m. in Stewart Center’s Fowler Hall, with doors opening at 3:30 p.m. The lecture, titled “AI’s Next Wave: Delivering Intelligence Inside Software,” is free and open to the public but requires a ticket for entry. Attendees should note that Purdue Convocations’ bag policy will apply during the event. Narayen, who has led Adobe since 2007, will share insights on AI’s evolving role in technology. His career at Adobe has been marked by significant innovations, including the shift to a cloud-based subscription model for creative software and the establishment of standards for digital documents. Under his leadership, Adobe has expanded its influence in digital experiences, with AI playing a central role in shaping its strategies for creativity, productivity, and customer engagement. The lecture will explore how AI is advancing beyond current capabilities, focusing on integrating intelligence directly into software systems. Narayen’s expertise spans multiple industries, and he has held leadership roles in organizations such as the U.S.-India Strategic Partnership Forum, Pfizer, and Dell. He has also contributed to U.S. policy discussions as a former member of the President’s Management Advisory Board. Narayen’s contributions have earned him recognition as a leader in innovation and workplace culture. Adobe has been named a Great Place To Work and a Most Admired Company by Fortune, reflecting its commitment to inclusivity and excellence.#shantanu_narayen #adobe #purdue_university #presidential_lecture_series #stewart_center
Adobe Beats Q1 Earnings Estimates, Announces CEO Will Step Down Adobe (ADBE) released its first-quarter financial results on Thursday following the market close. The company reported adjusted earnings per share (EPS) of $6.06, surpassing analyst expectations of $5.88. Revenue totaled $6.4 billion, exceeding the projected $6.28 billion. Adobe also provided guidance for the second quarter, with its outlook for revenue and adjusted EPS exceeding Wall Street forecasts. The earnings announcement coincided with the company’s announcement that CEO Shantanu Narayen will step down. Narayen, who has led Adobe for 18 years, will transition from his role as CEO. The board of directors has appointed Frank Calderoni, Adobe’s lead independent director, to chair a special committee tasked with overseeing the succession process. Calderoni will evaluate both internal and external candidates for the leadership role. Narayen will remain as chair of the board. The stock dropped more than 5% in after-hours trading following the news. This follows a year in which Adobe’s shares have declined over 20% and fallen nearly 40% over the past 12 months. Analysts and investors have expressed concerns about Adobe’s challenges in the AI disruption landscape and competition, particularly from companies like Canva, which has intensified pressure on Adobe’s lower-tier offerings. Looking ahead, Adobe’s second-quarter revenue outlook ranges between $6.43 billion and $6.48 billion, slightly above the $6.43 billion consensus. Adjusted EPS is expected to fall between $580 and $585, compared to the $570 forecast. The company’s upcoming Adobe Summit in late May has drawn attention as a potential catalyst for investor interest, with expectations of new product announcements or strategic initiatives.#shantanu_narayen #adobe #frank_calderoni #canva #adobe_summit
Adobe CEO Shantanu Narayen to Step Down After Appointing Successor Adobe’s chief executive officer, Shantanu Narayen, will leave his role after the company has named a successor, according to a statement released by the firm. Narayen, who has led the design software company since 2007, will remain as board chair to support the transition. The announcement came as Adobe shares fell 7% in extended trading, continuing a broader decline in software stocks driven by concerns over the impact of generative artificial intelligence. Narayen, 62, joined Adobe in 1988 as a vice president and general manager before becoming CEO in 2007. During his tenure, Adobe shifted from traditional software licenses to a subscription-based model with its Creative Cloud service. The company has since focused on expanding its offerings through generative AI, though its attempt to acquire Figma—a fast-growing design software company—was abandoned after regulatory pushback. Adobe paid Figma a $1 billion breakup fee as a result. In a statement, Frank Calderoni, Adobe’s lead independent director, praised Narayen’s leadership, calling him “the architect of Adobe’s transformation over the past 18 years” and highlighting his role in positioning the company for success in the AI-driven era. Narayen will stay on the board to assist the new CEO, following the example of co-founders John Warnock and Charles “Chuck” Geschke, who supported him when he became chief. Narayen’s leadership coincided with significant growth for Adobe. The company’s stock rose more than sixfold during his tenure, outperforming the S&P 500’s 350% gain over the same period. In a memo to employees, Narayen reflected on his time at Adobe, emphasizing the company’s history of innovation and its ability to attract top talent.#shantanu_narayen #adobe #creative_cloud #frank_calderoni #figma
Adobe stock declines after CEO announces departure, Ulta shares drop amid earnings miss Fourth quarter earnings reports are concluding, with Oracle (ORCL) serving as a key highlight. Nearly all S&P 500 companies have released results for the quarter, and the index is projected to achieve a 14% earnings growth rate, marking its fifth consecutive quarter of double-digit gains. Investors are closely monitoring updates on artificial intelligence advancements, consumer health trends, and the effects of trade tariffs. Other major earnings reports this week included Hewlett Packard Enterprise (HPE), NIO Inc. (NIO), Adobe (ADBE), and Dollar General (DG). Ulta (ULTA) stock fell 8% in after-hours trading after the beauty retailer issued cautious guidance and missed fourth-quarter earnings expectations. For the full year, Ulta forecasted earnings per share of $28.05 to $28.55, below Wall Street’s estimate of $28.57. Investors had focused on the company’s same-store sales outlook of 2.5% to 3.5%, which fell short of the 3.5% guidance expected. The company’s diluted EPS of $8.01 missed estimates of $8.03, though revenue of $3.89 billion beat forecasts of $3.82 billion. Same-store sales rose 5.8% year-over-year. Adobe (ADBE) stock dropped 7% following the announcement that CEO Shantanu Narayen will step down after 18 years. Narayen will remain on the board and collaborate with director Frank Calderoni to find a successor. The company is adapting to the AI-driven tech landscape by introducing new agentic AI features in its creative software, but investors remain skeptical about the potential disruption to Adobe’s core business. Year-to-date, the stock is down 22%. Adobe’s fourth-quarter EPS of $6.06 and revenue of $6.39 billion exceeded analyst estimates of $5.88 and $6.28 billion, respectively.#shantanu_narayen #adobe_ceo #ulta #dollar_general #dicks_sporting_goods
