chief financial officer Archives

AppWizard

October 17, 2025

BD CFO Chris DelOrefice leaving for new job

Chief Financial Officer Chris DelOrefice will leave BD on December 5 to become CFO at Ulta Beauty. He announced his resignation on October 9, and the company is seeking a permanent successor. Vitor Roque will serve as interim CFO following DelOrefice's departure. BD's preliminary fourth-quarter revenue is approximately .9 billion, an 8.3% increase year over year, while fiscal year 2025 revenue is about .8 billion, marking an 8.2% rise. Analysts described the fourth-quarter results as disappointing, citing a significant impact from the macro environment. BD plans to separate its biosciences and diagnostics business and will discuss earnings on November 6.

AppWizard

September 8, 2025

It’s official – “another wave” of Intel Core Ultra Arrow Lake CPUs is coming

Intel's CFO, David Zinsner, confirmed the upcoming release of additional Arrow Lake CPUs, which will bridge the gap between the existing Core Ultra 200-series and the future Nova Lake processors. The Arrow Lake CPUs have shown improvements in thermal management and power efficiency but have struggled against AMD's latest gaming CPUs. The new Arrow Lake refresh may feature higher clock speeds and enhanced AI performance for the Neural Processing Unit (NPU). The manufacturing of Arrow Lake CPUs is being handled by TSMC, while the upcoming Panther Lake and Nova Lake CPUs will utilize Intel's in-house 18A manufacturing process. The new Arrow Lake CPUs will provide an upgrade option for users of LGA1851 motherboards.

AppWizard

August 6, 2025

McDonald’s says its focus on value — and a must-have Minecraft meal — boosted second-quarter sales

McDonald’s has increased its sales in the second quarter by focusing on value and innovative offerings, particularly through the introduction of the McValue menu in January, which has revitalized customer traffic in U.S. locations. The McValue menu allows customers to purchase one item for when they buy a full-priced item, attracting a diverse clientele. Despite this success, the company faces challenges from declining traffic among lower-income consumers, particularly those with household incomes of ,000 or less, with double-digit declines noted during the April to June period. In April, McDonald’s launched a meal tied to “A Minecraft Movie” in 100 countries, marking its largest global campaign, and the associated collectible figures sold out in less than two weeks. The introduction of new chicken products has also increased chicken market share across McDonald’s ten largest markets. In contrast to competitors like Yum Brands and Chipotle, McDonald’s reported a 5% revenue increase to .8 billion for the April to June period, with same-store sales rising nearly 4%. Net income for the second quarter increased 11% to .9 billion, with adjusted earnings of .69 per share meeting Wall Street expectations.

AppWizard

July 31, 2025

First-party and Game Pass push Xbox revenue up 10%

Microsoft's Xbox division achieved a ten percent increase in revenue, with a 13 percent surge in content and services revenue for the financial year 2024/25. Xbox Game Pass generated nearly billion in annual revenue for the first time. The latest Call of Duty installment, Black Ops 6, attracted over 50 million players, totaling two billion hours of gameplay. Microsoft launched Forza Horizon 5 on PlayStation and Oblivion Remastered across all platforms. The company is developing around 40 games currently.

AppWizard

July 19, 2025

Ubisoft confirms it is working on a new Ghost Recon game, and it sure looks like it’ll be a live service affair

Ubisoft has announced the development of a new Ghost Recon game, the first since 2019's Ghost Recon: Breakpoint. This announcement was made during the company's annual shareholders' meeting, where CEO Yves Guillemot discussed the company's focus on live service games. Ubisoft's Chief Financial Officer, Frédérick Duguet, mentioned a recent investment in a subsidiary aimed at developing major brand names, including Ghost Recon. Speculation about a new title has existed since 2021, with reports of a project codenamed OVER. Guillemot indicated that the new game will likely adopt a live service model, similar to successful titles like Rainbow Six: Siege and The Division 2. Duguet referred to the game as an "FPS-type experience," suggesting a potential shift back to first-person shooter mechanics. Ubisoft previously attempted a live service Ghost Recon game with Ghost Recon: Frontline, which was canceled due to backlash.

AppWizard

July 19, 2025

Prince of Persia: The Sands of Time Remake will launch ‘very soon,’ Ubisoft exec says, but he also namedropped Splinter Cell for no apparent reason so maybe he’s still just messing with us

Five years have passed since the initial leak of the Prince of Persia: The Sands of Time Remake. Ubisoft has not provided concrete updates on the remake or Splinter Cell during its recent Annual General Meeting. Chief Financial Officer Frederick Duguet indicated that the Sands of Time Remake is slated for release in Ubisoft's 2026 fiscal year, which ends on March 31, 2026, with speculation suggesting a potential holiday 2025 release.

AppWizard

June 5, 2025

Build a Rocket Boy loses two c-suite execs ahead of MindsEye launch

Two senior executives at Build a Rocket Boy, Riley Graebner (chief legal officer) and Paul Bland (chief financial officer), have announced their departures ahead of the launch of the game MindsEye. Graebner, who served for three and a half years, noted the company's growth to over 450 employees and the successful launch of multiple products. Bland left after a two-year tenure. Co-CEO Mark Gerhard suggested that negative sentiment towards MindsEye may be influenced by external forces, although he did not provide evidence for this claim.

Winsage

April 26, 2025

Consumers make their voices heard as Microsoft’s huge venture flatlines in popularity

In January 2024, Microsoft launched its Copilot assistant, utilizing advanced large language model technology, and introduced various offerings such as Copilot Pro subscription plans and specialized devices. Despite these efforts, Copilot has attracted only 20 million users weekly, which is significantly lower than ChatGPT's 400 million weekly users. This represents just over 1% of the 1.5 billion Windows users globally. Microsoft's Chief Financial Officer, Amy Hood, presented data showing stagnant user engagement for Copilot, raising concerns within the company about the return on its substantial investments in AI technology. Additionally, Microsoft has had to adjust its strategy regarding the Copilot key on keyboards, allowing for customization, and Intel has noted that its AI hardware is not gaining market traction.

AppWizard

November 27, 2024

Cyberpunk 2077 hits 30m sales

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 26, 2024

Alpine Partners with Minecraft in Huge New Formula1 Project

The collaboration between Alpine and Microsoft has resulted in the launch of a Minecraft Education world aimed at promoting the Race into STEM initiative, which focuses on engaging youth in STEM education and encouraging gender diversity in motorsports. The initiative includes global outreach events in cities like Mexico City, London, and Melbourne, designed to inspire young people to consider STEM careers in the motorsports industry. A key feature is a Minecraft recreation of Alpine's Enstone factory, allowing players to learn about Formula One car development and racing mechanics. The initiative has seen participation from over 100 students and over 80,000 visits from users in 99 countries. The partnership also involves FIA Girls on Track UK, which curates educational content to motivate young women in STEM fields. Local schools, such as Middle Barton Primary School, have participated by touring Alpine's facility for hands-on learning experiences.