Mike Wheatley
Latest from Mike Wheatley
Despite a strong earnings and revenue beat, Elastic’s stock plunges 14%
Enterprise search technology company Elastic N.V. must be wondering what it did wrong today, since despite delivering a strong earnings and revenue beat and guidance in-line with analysts’ expectations, its stock plunged in extended trading. The company reported fiscal third-quarter earnings before certain costs such as stock compensation of 36 cents per share, ahead of the ...
HPE’s stock drops on big revenue decline, while NetApp heads upward
It was a day of contrasting fortunes for information technology infrastructure leaders Hewlett-Packard Enterprise Co. and NetApp Inc. as they reported their latest financial results today. While the former missed expectations on revenue amid a steep decline, the latter company reported increased sales that came in ahead of estimates. HPE’s stock was consequently trading lower, while ...
Pure Storage’s shift to AI and cloud subscriptions pays off with strong earnings beat
Storage industry pioneer Pure Storage Inc. delivered strong financial results today, with earnings and revenue both coming in ahead of Wall Street’s targets. Moreover, bolstered by an optimistic outlook, Pure Storage’s stock rose more than 8% in extended trading. The company reported fourth-quarter earnings before certain costs such as stock compensation of 50 cents per ...
Nutanix comfortably beats forecasts despite uncertain macroeconomic backdrop
Storage infrastructure giant Nutanix Inc. reported solid second-quarter financial results today, and its stock was trading higher in after-hours trading as its revenue forecast for fiscal 2024 topped Wall Street’s expectations. The company reported an encouraging second-quarter profit of $32.8 million, improving on the loss of $70.8 million it delivered in the same period one ...
Snowflake’s stock tumbles as CEO Frank Slootman steps down and outlook weakens
Cloud data warehouse company Snowflake Inc. shocked investors today when it announced that its billionaire Chief Executive Frank Slootman will be stepping down immediately, to be replaced by Google LLC’s former ad chief Sridhar Ramaswamy. The company followed that announcement with soft guidance for the current quarter, and its stock was way down in the ...
Lightricks launches LTX Studio to advance realism in text-to-video generation
Photo and video editing application developer Lightricks Ltd. is looking to take generative artificial intelligence to the next level with the launch of a comprehensive text-to-video tool that promises to transform the art of filmmaking. The new tool, announced today, is called LTX Studio, and it boasts some impressive-sounding capabilities, such as the ability to ...
Startup Slice, which uses generative AI to ensure equity compliance, raises $7M in seed funding
Global equity management startup Slice Global Ltd. is looking to expand after closing on a $7 million seed funding round led by TLV Partners. Today’s round also saw participation from R-Squared Ventures, Jibe Ventures and the international law firms Wilson Sonsini Goodrich & Rosati LLP and Fenwick & West LLP, plus several unnamed angel investors. ...
Cox Enterprises buys gov tech leader OpenGov for $1.8B
Cox Enterprises Inc., one of the largest privately-held conglomerates in the U.S., today announced it’s buying OpenGov in a deal worth $1.8 billion. The company, which is a family-owned provider of communications and automotive services, among other interests, already held a minority stake in OpenGov prior to today’s announcement, which will lead to its taking full ...
GitHub’s enterprise-grade Copilot tool is now generally available
Microsoft Corp.-owned GitHub today announced a more advanced version of its artificial intelligence-powered coding assistant that can be customized to a company’s codebase and processes. It’s called GitHub Copilot Enterprise and it’s generally available now. It serves as a companion for developers and lets them ask questions about public and private code and familiarize themselves with ...
Intel’s new Intel vPro platform to power the next generation of AI PCs
Intel Corp. is attempting to accelerate artificial intelligence with the debut of its new Intel vPro platform, which integrate Intel Arc graphics processing units and Intel Core 14th Gen central processing units in a single package. The new chips, announced at MWC 2024 today, are designed to support enhanced AI experiences on personal computers, and ...