British Chip Designer Arm Ropes In Splunk's Jason Child As Finance Chief

British Chip Designer Arm Ropes In Splunk's Jason Child As Finance Chief
  • Softbank Group Corp SFTBY owned British chipmaker Arm Ltd appointed Splunk Inc's SPLK Jason Child as its new CFO.
  • Child, who will join Arm on November 2, 2022, will replace current CFO, Inder Singh.
  • Masayoshi Son, the founder, and CEO of SoftBank, were most likely to list Arm on Nasdaq amid requests to list the company in London.
  • Also Read: SoftBank Founder To Discuss Arm Partnership With Samsung
  • Softbank opted for the Arm IPO after Nvidia Corp NVDA deal collapsed amid fierce opposition from regulators and customers.
  • On Monday, Splunk issued a statement that Child is stepping down as its finance chief. He will remain with Splunk until early November.
  • Splunk reaffirmed its outlook for the third quarter and full-year fiscal 2023. 
  • Splunk's total Q3 revenues will likely be $835 million - $855 million. Total FY23 revenues will likely be between $3.35 billion - $3.4 billion.
  • Price Action: SPLK shares closed lower by 2.04% at $79.38 on Monday.

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