CFO

Winsage
February 3, 2025
Windows 11's market share increased to 36.6 percent in January from 34.12 percent in December, while Windows 10's market share declined to 60.37 percent from 62.7 percent. Microsoft is approaching the end of support for Windows 10, scheduled for October 14, 2025, which has led to renewed interest in Windows 11. Microsoft CFO Amy Hood reported a 4 percent year-on-year revenue increase in the Windows OEM and Devices unit, attributed to preparations for the end of Windows 10 support. TrendForce projects a 4.9 percent increase in shipments in 2025 as businesses transition. CEO Satya Nadella noted that 15 percent of premium-priced laptops sold during the holiday season were Copilot+ PCs, and analysts predict that by 2026, acquiring a PC without AI silicon will be increasingly difficult. Initially, Windows 11's adoption was hindered by strict hardware requirements, but many users now have upgraded hardware that supports it. Microsoft is optimistic about solidifying Windows 11's market position as the transition from Windows 10 progresses.
AppWizard
December 19, 2024
Sony will acquire a 10 percent stake in Kadokawa by purchasing 12,054,100 new shares at Y4,146 each for a total investment of Y49.98 billion (approximately 7 million) on January 7, 2025. This will increase Sony's ownership in Kadokawa from 2.01 percent to 9.68 percent, making it Kadokawa's largest shareholder, although still behind Korea Securities Depository - Samsung and The Master Trust Bank of Japan in terms of major shareholders. The partnership aims to enhance collaboration on adapting Kadokawa's intellectual property into live-action films, television shows, and anime projects.
AppWizard
November 27, 2024
Cyberpunk 2077 has surpassed 30 million copies sold, as revealed by CD Projekt's CFO, Piotr Nielubowicz. The Phantom Liberty expansion has sold over eight million units. The original game and its expansion will soon be available on Mac devices powered by Apple Silicon chips. Additionally, a new animation project set in the Cyberpunk universe is in development for Netflix.
AppWizard
November 8, 2024
Jarrod Yahes has been appointed as the new chief financial officer and senior vice president of Unity, succeeding Luis Visoso, who left the company in August. Yahes previously worked at Shutterstock and Zeta Global. Unity's CEO, Matt Bromberg, expressed enthusiasm about Yahes' appointment, highlighting his operational rigor and growth orientation. Yahes expressed excitement about joining Unity and supporting its mission in the gaming and interactive experiences ecosystem.
AppWizard
October 30, 2024
Electronic Arts (EA) reported a net revenue of .025 billion for the quarter ending September 30th, a year-on-year increase of 5.8 percent. Of this total, 35 percent came from full game sales and 65 percent from live services and other revenue streams. The Sims franchise contributed significantly, gaining 15 million new users and exceeding net bookings expectations. EA's net bookings for the quarter reached .079 billion, a 14 percent increase from the previous year. CEO Andrew Wilson noted the strong quarter and record Q2 net bookings, while CFO Stuart Canfield indicated that the company is raising its FY25 outlook due to exceeding guidance.
Tech Optimizer
September 20, 2024
International Decorative Surfaces (IDS), the UK’s largest distributor of decorative surfaces, has collapsed into administration and initiated a sale process while making some of its workforce redundant due to a downturn in the property and construction sectors. IDS, established in 2022 through a management buyout from Compagnie de Saint-Gobain, had over 6,000 products and was supported by private equity investor Chiltern Capital. The company’s assets, including half a million square feet of warehousing and a fleet of 85 vehicles, are now managed by administrators from FRP Advisory. At its peak, IDS employed 393 individuals across 12 locations, with 11 sites currently operational. Leadership changes include the departure of CFO Kevin Riddle and managing director John Bagshaw, with Tony Buffin appointed as chair. The last accounts reported 525 staff and revenues exceeding £78.7 million. FRP Advisory's Alastair Massey expressed optimism about the company's strengths and capabilities while inviting potential buyers to discuss acquisition options.
AppWizard
September 2, 2024
CD Projekt reported a 30.7% increase in net sales for the quarter ending June 30th, with revenues of PLN 424.8 million and an 88.7% increase in profit, reaching PLN 170 million. The success of Cyberpunk 2077 and its Phantom Liberty expansion contributed to these results. The company plans to begin production on the new Witcher title, Polaris, and is developing another Cyberpunk installment, Orion. CFO Piotr Nielubowicz noted that financial reserves increased by over PLN 55 million despite distributing nearly PLN 100 million in dividends and allocating over PLN 150 million to new projects.
AppWizard
August 29, 2024
Aleksandr “Shurick” Agapitov, founder of Xsolla, is alleged to have transferred over million from the company to his personal accounts between March 2021 and March 2023, with approximately million moved in 2023 alone. He returned around million, but some transfers back to Xsolla were as high as million at a time. Xsolla's president, David Stelzer, stated the company operates responsibly and complies with laws, while former employees raised concerns about Agapitov's financial practices, leading to dismissals related to questioning discrepancies in the accounts.
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