Feeds

Adobe reports great re$ult$ but loses CTO Kevin Lynch to Apple

Harry Potter and the Contract of Cupertino

Mobile application security vulnerability report

It's been a mixed day for Adobe – exceeding analyst's expectations for its first quarter financial results but having this overshadowed by the news that its long-standing CTO Kevin Lynch handed in his notice on Monday and will gone by the end of the week .

"Kevin Lynch resigned from his position as Executive Vice President, Chief Technology Officer, of Adobe Systems Incorporated, effective March 22, 2013, to pursue other opportunities," said the company in a SEC 8-K filing with its results.

Adobe reported $1.008bn in revenues for the last quarter, and profits of $65.1m, sending the company's stock price up nearly ten per cent. CFO Mark Garrett said that Creative Cloud gained 153,000 subscribers in the last three months and that two million people have tried the free download.

"Adoption of Creative Cloud accelerated and we achieved strong Digital Marketing revenue and bookings growth in Q1," he said. "We're building a stronger, more predictable recurring revenue model which will drive higher long-term growth."

Adobe is not going to be replacing Lynch, who came to the company with Macromedia in 2005. Adobe CEO Shantanu Narayen will take over some of his responsibilities, aided by VP Bryan Lamkin, who joined the company last month. As for Lynch, he's off to Apple.

Kevin Lynch

Alohomora Applia

Lynch will join Cupertino as vice president of technology and will be reporting to Bob Mansfield, a company spokesman told Bloomberg, but there's no more word than that.

Given Bob Mansfield's recent history, Lynch could be making another internal move fairly shortly: Apple announced last year that Bob Mansfield was retiring, and Dan Riccio, Apple's vice president of iPad hardware engineering, was in line for his job. But then Mansfield changed his mind and decided to stay on – some say in the wake of Scott Forstall, who was shown the door for the Apple Maps debacle.

Mansfield will not want to hang around for too long, so Tim Cook has some reshuffling to do in the near future. ®

Bootnote

From the photo above you can see that Lynch bears an unfortunate resemblance to Harry Potter, as though the boy wizard had thrown away that magic rubbish and gone to join the muggles (or possibly squibs) in Silicon Valley.

When this hack first met Lynch at a press conference the films had just come out and he had a particularly Potteresque pair of glasses on, so I asked what he thought about it. His answer was simplicity: "I was here first."

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.