Friday, 12 June, 2026
High-Flying Profits, Empty C-Suite
By TechShots Studio
Adobe crushed its second-quarter earnings and significantly raised its full-year revenue guidance to between $26.5 billion and $26.6 billion, driven by booming AI demand. However, the news was completely overshadowed by the sudden departure of CFO Dan Durn. With long-time CEO Shantanu Narayen also stepping down, this double leadership vacuum has rattled investors over Adobe’s long-term AI strategy, sending shares tumbling 5% in after-hours trading.
Read full story at CIO ECONOMIC TIMES