Mike Wheatley
Latest from Mike Wheatley
Deutsche Telekom partners with Ericsson and Google to showcase next-gen cloud-native network
German telecommunications firm Deutsche Telekom AG announced today that it has achieved another key milestone in its ongoing partnership with Telefonaktiebolaget LM Ericsson and Google Cloud. Working with its partners, it managed to implement cloud-native network functions from Ericsson 5G Core on an on-premises variant of Google Distributed Cloud Edge in record-breaking time. At a Deutsche ...
Arrcus to showcase next-gen 5G and multicloud network capabilities at MWC 2023
Hyperscale networking software startup Arrcus Inc. said today it’s planning to transform 5G networks to enable communications service providers to deliver a wealth of new services and make money from their infrastructure with a much lower total cost of ownership. The company plans to showcase the latest version of its Arrcus Connected Edge platform and ...
Coinbase’s stock falls as user numbers and trading volume decline
Cryptocurrency exchange Coinbase Global Inc. beat projections as it delivered its fourth-quarter earnings and revenue today, but its user numbers fell short of estimates, sending its stock down in after-hours trading. In a letter to shareholders, the company reported a loss before certain costs such as stock compensation of $2.46 per share, slightly better than ...
BMC Software reportedly files plans for IPO that could value it at $15B
Enterprise software firm BMC Software Inc. reportedly filed confidential plans for an initial public offering late Friday, in what could be one of the first signs of the market thawing after almost a year of inactivity on the IPO front. The technology industry has been one of the hardest-hit by the global economic slowdown that ...
Avaya files for Chapter 11 bankruptcy protection for a second time
Avaya Inc., the veteran unified communications company, said this week that it’s filing for Chapter 11 bankruptcy protection for the second time in its history, while announcing a plan that will slash $2.6 billion of debt from its balance sheet. The company’s filing in a Texas court revealed that it has agreed a deal with ...
Appian beats expectations but stock falls as it racks up increased losses
Automation software provider Appian Corp. beat Wall Street’s expectations as it delivered its fourth-quarter financial results today, but its stock fell in extended trading as its losses widened. The company reported a loss before certain costs such as stock compensation of 28 cents per share on revenue of $125.8 million, up 20% from a year ...
Dropbox’s stock falls as it struggles to squeeze more revenue from existing customers
Shares of Dropbox Inc. were trending down in the after-hours trading session today after the company reported pedestrian growth and a decline in its average revenue per paying user. The company did at least beat expectations with its fourth-quarter financial results. It reported earnings before certain costs such as stock compensation of 40 cents per ...
Biosafety startup R-Zero raises $105M in new funding round
Biosafety technology startup R-Zero Systems Inc. said today it has closed on a bumper $105 million funding round led by the global investment firm CDPQ, bringing its total amount raised to more than $170 million. BMO Financial Group, Qualcomm Ventures, Upfront Ventures, DBL Partners, World Innovation Lab, Mayo Clinic, Bedrock Capital, SOSV and John Doerr ...
Shares of Pegasystems rise sharply after it breezes past Wall Street’s financial targets
Shares of Pegasystems Inc. were riding higher in after-hours trading today after the business process management software provider posted a strong earnings and revenue beat. The company reported fourth-quarter earnings, adjusted for onetime gains and costs, of 82 cents per share, well ahead of Wall Street’s target of a nine-cent-per-share profit. Revenue for the period ...
Solid earnings beat and share buyback plan sends Twilio’s stock higher
Shares of Twilio Inc. leaped by more than 13% in extended trading today after the communication service provider reported fourth-quarter earnings and revenue that beat expectations and said it will buy back shares worth $1 billion. The company reported a net loss of $229.4 million in the quarter, down from a $291.4 million loss a ...
