Mike Wheatley
Latest from Mike Wheatley
Soft revenue guidance sends Box’s stock down after-hours
Shares of the cloud content management firm Box Inc. were trending lower in after-hours trading today despite the company beating expectations on earnings and revenue and forecasting it will achieve $1 billion in annual sales for the first time this fiscal year. The company reported fourth-quarter earnings before certain costs such as stock compensation of ...
Pure Storage aims to flood the data lake with lower-cost flash storage
Pure Storage Inc. is looking to change the dynamics of data lake storage with the launch of its latest product FlashBlade//E, a scalable, all-flash unstructured data repository that more or less matches the cost of traditional hard disk storage. Today’s launch of FlashBlade//E means that data center operators no longer need to settle for hard ...
Duolingo beats expectations with rapid user growth, sending its stock higher
Duolingo Inc., the cloud-based language learning app creator, delivered fourth-quarter financial results today that beat expectations, sending its stock higher in extended trading. The company reported a net loss of $13.9 million, down from a loss of $17.5 million a year ago. It delivered a loss before certain costs such as stock compensation of 35 ...
HP beats earnings targets despite big drop in PC sales
Shares of the personal computer and printer giant HP Inc. rose slightly in extended trading today after it reported earnings that came in just ahead of analysts’ estimates, despite a big drop in revenue. The company reported a net income for its first quarter of fiscal 2023 of $487 million, down from a profit of ...
Temporal raises $75M to ease the development of stateful, cloud-native apps
Software execution system startup Temporal Technologies Inc. said today it has closed on a $75 million round of funding that will be used to help grow the community around its cloud service. The funding, which comes just over a year after the company raised $103 million in a Series B round, was led by Greenoaks, ...
Weak outlook sends Workday’s stock down in extended trading
Enterprise software provider Workday Inc. beat expectations on earnings and revenue today as it posted its fourth-quarter financial results, but its guidance for the coming quarter came up light and its stock fell almost 3% in extended trading. The company reported a net loss for the quarter of $125.7 million, with earnings before certain costs ...
Zoom’s stock makes strong gains on surprise earnings beat
Shares of Zoom Video Communications Inc. gained almost 8% in extended trading today after the company reported financial results that beat Wall Street’s expectations and offered a strong forecast for the coming quarter. In a press release, Zoom reported fourth-quarter earnings before certain costs such as stock compensation of $1.22 per share, well ahead of ...
Intel accelerates 5G network virtualization with radio access network boost for Xeon processor
Intel Corp. has integrated virtual radio access network acceleration into its latest 4th Gen Intel Xeon system-on-chip, helping network operators gear up their efforts to deliver cloud-native features for next-generation 5G core and edge networks. The announcement came today at the MWC event, formerly known as Mobile World Congress, in Barcelona. Intel said it’s just the latest ...
Dell partners with leading telecom and infrastructure players to accelerate open network adoption
Dell Technologies Inc. said at the MWC 2023, the former Mobile World Congress, in Barcelona today that it’s aiming to become a “unifying force” in the telecommunications industry with the launch of its new Dell Open Telecom Ecosystem Community. It’s made up of multiple telecom partners and communications service providers that aim to leverage the ...
At MWC 2023, Google Cloud targets cloud-native network transformation
Google Cloud said today at MWC, the former Mobile World Congress, that it’s taking steps to help communication service providers double down on their network transformation efforts. It’s doing so through the launch of three new telecommunications products that, combined, form a unified cloud solution that helps CSPs build, deploy and operate hybrid, cloud-native networks, ...
