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Applied Digital Appoints New Chief Revenue Officer to Drive Next Phase of Growth

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Applied Digital (Nasdaq: APLD) has appointed Tom Burke as its new Chief Revenue Officer to drive revenue growth and strategic partnerships. With over a decade of experience in global sales and AI partnerships, Burke will oversee revenue-generating functions, develop sales strategies, and coordinate cross-functional alignment. His role includes establishing a client success organization and working on revenue projections and investment planning.

Burke's background includes serving as VP & Head of Global Sales for IBM Data & AI, where he led IBM's AI partnership strategy globally. Applied Digital's CEO, Wes Cummins, expressed confidence in Burke's expertise to expand the company's market presence in next-generation data centers optimized for AI workloads. The company has over 2 GW of power in various stages of development and offers cutting-edge solutions in data centers and Cloud as a Service for HPC needs.

Applied Digital (Nasdaq: APLD) ha nominato Tom Burke come nuovo Chief Revenue Officer per guidare la crescita dei ricavi e le partnership strategiche. Con oltre un decennio di esperienza nelle vendite globali e nelle partnership nel settore dell'IA, Burke supervisionerà le funzioni generatrici di entrate, svilupperà strategie di vendita e coordinerà l'allineamento interfunzionale. Il suo ruolo include la creazione di un'organizzazione per il successo dei clienti e la lavorazione delle proiezioni di ricavi e della pianificazione degli investimenti.

Il background di Burke comprende il suo operato come VP e Responsabile delle Vendite Globali per IBM Data & AI, dove ha guidato strategicamente le partnership di IA a livello globale. Il CEO di Applied Digital, Wes Cummins, ha espresso fiducia nell'expertise di Burke per espandere la presenza dell'azienda nel mercato dei centri dati di nuova generazione ottimizzati per i carichi di lavoro dell'IA. L'azienda dispone di oltre 2 GW di potenza in varie fasi di sviluppo e offre soluzioni all'avanguardia nei centri dati e Cloud as a Service per le esigenze HPC.

Applied Digital (Nasdaq: APLD) ha nombrado a Tom Burke como su nuevo Director de Ingresos para impulsar el crecimiento de ingresos y establecer asociaciones estratégicas. Con más de una década de experiencia en ventas globales y asociaciones de IA, Burke supervisará las funciones generadoras de ingresos, desarrollará estrategias de ventas y coordinará la alineación interfuncional. Su rol incluye el establecimiento de una organización de éxito del cliente y el trabajo en proyecciones de ingresos y planificación de inversiones.

La experiencia de Burke incluye haber sido VP y Jefe de Ventas Globales para IBM Data & AI, donde lideró la estrategia de asociación de IA a nivel global. El CEO de Applied Digital, Wes Cummins, expresó confianza en la experiencia de Burke para expandir la presencia de la empresa en el mercado de centros de datos de próxima generación optimizados para cargas de trabajo de IA. La empresa cuenta con más de 2 GW de potencia en diversas etapas de desarrollo y ofrece soluciones de vanguardia en centros de datos y Cloud as a Service para necesidades de HPC.

Applied Digital (Nasdaq: APLD)는 수익 성장과 전략적 파트너십을 추진하기 위해 Tom Burke를 새로운 Chief Revenue Officer로 임명했습니다. 10년 이상의 글로벌 판매 및 AI 파트너십 경험을 가진 Burke는 수익 창출 기능을 감독하고, 판매 전략을 개발하며, 기능 간 조정을 조율할 예정입니다. 그의 역할에는 고객 성공 조직을 구축하고 수익 예측 및 투자 계획 작업이 포함됩니다.

Burke의 배경에는 IBM Data & AI의 글로벌 판매 담당 부사장 및 책임자로 재직하면서 IBM의 AI 파트너십 전략을 전 세계적으로 이끌었던 경험이 포함되어 있습니다. Applied Digital의 CEO인 Wes Cummins는 Burke의 전문성을 신뢰하고 있으며, 차세대 AI 워크로드 최적화를 위한 데이터 센터에서 회사의 시장 존재감을 확장할 수 있을 것으로 기대하고 있습니다. 이 회사는 다양한 개발 단계에서 2GW 이상의 전력을 보유하고 있으며, HPC 요구 사항을 위한 데이터 센터 및 클라우드 서비스에서 최첨단 솔루션을 제공합니다.

Applied Digital (Nasdaq: APLD) a nommé Tom Burke nouveau Directeur des Revenus pour stimuler la croissance des revenus et établir des partenariats stratégiques. Fort de plus d'une décennie d'expérience en ventes globales et en partenariats d'IA, Burke supervisera les fonctions générant des revenus, développera des stratégies de vente et coordonnera l'alignement interfonctionnel. Son rôle comprend l'établissement d'une organisation pour le succès des clients et le travail sur les projections de revenus et la planification des investissements.

Le parcours de Burke inclut un poste de VP et Responsable des Ventes Globales pour IBM Data & AI, où il a dirigé la stratégie de partenariat d'IBM en matière d'IA à l'échelle mondiale. Le PDG d'Applied Digital, Wes Cummins, a exprimé sa confiance dans l'expertise de Burke pour développer la présence de l'entreprise sur le marché des centres de données nouvelle génération optimisés pour les charges de travail d'IA. L'entreprise dispose de plus de 2 GW de puissance en diverses phases de développement et offre des solutions de pointe dans les centres de données et le Cloud as a Service pour les besoins HPC.

Applied Digital (Nasdaq: APLD) hat Tom Burke zum neuen Chief Revenue Officer ernannt, um das Umsatzwachstum und strategische Partnerschaften voranzutreiben. Mit über einem Jahrzehnt Erfahrung in globalen Verkaufs- und KI-Partnerschaften wird Burke die umsatzgenerierenden Funktionen überwachen, Verkaufsstrategien entwickeln und die funktionsübergreifende Abstimmung koordinieren. Seine Rolle umfasst auch die Einrichtung einer Organisation zum Kundenerfolg sowie die Arbeit an Umsatzprognosen und Investitionsplanung.

Burkes Hintergrund umfasst die Tätigkeit als VP und Leiter des Global Sales für IBM Data & AI, wo er die globale KI-Partnerschaftsstrategie von IBM leitete. Der CEO von Applied Digital, Wes Cummins, äußerte Vertrauen in Burkes Expertise, um die Marktpräsenz des Unternehmens in der nächsten Generation von Rechenzentren, die für KI-Arbeitslasten optimiert sind, auszubauen. Das Unternehmen verfügt über mehr als 2 GW Leistung in verschiedenen Entwicklungsphasen und bietet hochmoderne Lösungen in Rechenzentren und Cloud as a Service für HPC-Bedürfnisse.

Positive
  • Appointment of experienced CRO with expertise in AI partnerships and global sales strategies
  • Potential for accelerated revenue growth and expanded market presence
  • 2 GW of power in various stages of development for AI-optimized data centers
  • Strategic focus on high-performance computing (HPC) and AI infrastructure
Negative
  • None.

Expanding Leadership to Accelerate Revenue Growth and Strategic Partnerships

DALLAS, July 24, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (HPC) applications, today announced the appointment of Tom Burke as its Chief Revenue Officer (CRO). With over a decade of experience in leading global sales and AI partnership strategies, we believe Mr. Burke is poised to drive Applied Digital’s revenue growth and strategic partnerships forward.

In his new role, Burke will be responsible for overseeing revenue-generating functions for the Company’s business, such as sales and customer success, and developing and executing global sales strategies. Burke will coordinate cross-functional alignment across sales, marketing, and growth offices to support revenue growth and client acquisition. He will also establish a client success organization for existing and new clients. Working closely with the Company’s CFO, he will be responsible for revenue projections and investment planning, leveraging his extensive experience in global sales strategies and AI initiatives to support Applied Digital's growth objectives. His extensive background in developing and executing global sales strategies and managing high-profile AI partnerships is anticipated to be instrumental in driving Applied Digital’s growth and expanding its market presence. Burke’s distinguished career includes serving as Vice President & Head of Global Sales for IBM Data & AI, a large-scale software division within IBM, where he led IBM’s AI partnership strategy globally. Joining IBM in 2010, Burke held numerous leadership roles, including Chief of Staff for IBM Data & AI, Americas OEM Sales Leader, and Data and AI Regional Sales Leader for the U.S. West. At IBM, Burke established go-to-market partnerships with leading growth-stage software companies in Data and AI.

“We are thrilled to welcome Tom to our leadership team,” said Wes Cummins, CEO of Applied Digital. “We believe Tom’s deep expertise in AI partnerships and his proven ability to drive substantial revenue growth in the enterprise segment make him a perfect fit for our Company. His strategic vision and innovative approach will be instrumental as we continue to expand our market presence and reinforce our position as a leading provider of next-generation data centers.”

“Joining Applied Digital is an exciting opportunity to leverage my experience in data and AI solutions for a Company poised to capture market share,” said Burke. “Applied Digital is well-positioned in the AI infrastructure sector. The Company’s vertical-based approach focuses on building greenfield next-generation HPC data centers optimized for AI workloads. With over 2 GW of power in various stages of development, I look forward to joining the leadership team responsible for executing the Company’s mission of delivering cutting-edge solutions in the HPC industry. I’m excited to join the Applied Digital team to help unlock new opportunities and aim to set new standards for excellence in the data center sector.”

Applied Digital is well positioned, offering cutting-edge solutions in data centers and Cloud as a Service. The Company’s purpose-built data centers are strategically designed to maximize efficiency for HPC needs. Applied Digital Cloud delivers cost-effective GPU computer solutions tailored for AI, ML, rendering, and other HPC workloads. Its state-of-the-art infrastructure is designed to provide high performance at a low cost, aiming to empower clients to thrive in this era of exponential technological advancement.

To learn more about Applied Digital, visit: https://applieddigital.com/

About Applied Digital
Applied Digital (Nasdaq: APLD) designs, develops, and operates next-generation data centers across North America to provide digital infrastructure solutions to the rapidly growing high-performance computing (HPC) industry. Find more information at www.applieddigital.com. Follow us on X at @APLDdigital.

Forward-Looking Statements

This release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position and business strategy and objectives. Words such as "continue," "build," "future," "increase," "drive," "believe," "look," "ahead," "confident," "deliver," "outlook," "expect," “intend,” “hope,” “project, ”"predict" and other similar or related expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company's control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

Investor Relations Contacts
Matt Glover or Ralf Esper
Gateway Group, Inc.
(949) 574-3860
APLD@gateway-grp.com

Media Contacts
Christina Lockwood or Brenlyn Motlagh
Gateway Group, Inc.
(949) 899-3135
APLD@gateway-grp.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/06cf8713-bdef-4886-8156-c20ae79762ee


FAQ

Who is the new Chief Revenue Officer of Applied Digital (APLD)?

Tom Burke has been appointed as the new Chief Revenue Officer of Applied Digital (APLD).

What is Tom Burke's background before joining Applied Digital (APLD)?

Tom Burke previously served as Vice President & Head of Global Sales for IBM Data & AI, where he led IBM's AI partnership strategy globally. He has over a decade of experience in leading global sales and AI partnership strategies.

What will be Tom Burke's responsibilities at Applied Digital (APLD)?

Tom Burke will be responsible for overseeing revenue-generating functions, developing global sales strategies, coordinating cross-functional alignment, establishing a client success organization, and working on revenue projections and investment planning at Applied Digital (APLD).

How much power capacity does Applied Digital (APLD) have in development?

Applied Digital (APLD) has over 2 GW of power in various stages of development for its next-generation data centers optimized for AI workloads.

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