Welcome to our dedicated page for Cirrus Logic news (Ticker: CRUS), a resource for investors and traders seeking the latest updates and insights on Cirrus Logic stock.
Cirrus Logic Inc. develops low-power, high-precision mixed-signal processing and integrated circuit products for mobile, consumer, PC, automotive, industrial, imaging, and professional audio applications. Company news commonly covers quarterly shareholder letters, revenue drivers tied to smartphone components and PC design activity, and efforts to diversify beyond portable audio into broader general-market products.
Updates also include launches of industrial imaging analog front-end ICs for scanners and machine-vision scanning platforms, automotive-qualified closed-loop haptic drivers, and components used for audio, voice capture, camera control, sensing, battery, and power functions.
Jacobs (NYSE:J) has appointed Venk Nathamuni as its new Chief Financial Officer, effective June 3, 2024. Nathamuni brings over 30 years of experience, including 15 years in executive finance roles, and will oversee Jacobs' financial operations, capital allocation, and investor relations. He previously served as CFO at Cirrus Logic, a $6 billion semiconductor company. Jacobs CEO Bob Pragada emphasized Nathamuni's strategic vision and leadership. Interim CFO Kevin Berryman will assist in the transition and continue as Special Advisor to the CEO. Nathamuni holds an MBA from Wharton and degrees in engineering from SUNY Stony Brook and Madurai Kamaraj University, India.
Cirrus Logic (NASDAQ: CRUS) announced that CFO Venk Nathamuni will resign effective May 24, 2024, to pursue an opportunity outside the semiconductor industry. The Board has appointed Ulf Habermann, Principal Accounting Officer, as interim CFO. Habermann, with 22 years at Cirrus Logic, has held roles such as Controller, Treasurer, and VP of Finance. This transition aims to ensure continuity while the company searches for a permanent CFO. Cirrus Logic specializes in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications and is based in Austin, Texas.
Cirrus Logic, Inc. (NASDAQ: CRUS) reported revenue of $371.8 million for the fourth quarter and $1.79 billion for full fiscal year 2024. The company highlighted progress in product development, increased non-GAAP earnings per share, and positive business outlook for growth and diversification.
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