Mike Wheatley
Latest from Mike Wheatley
Data protection software startup Rubrik reportedly planning $750M IPO
Data protection startup Rubrik Inc., which was valued at more than $4 billion when it raised money from backers that included Microsoft Corp. two years ago, has hired a number of banks to assist with its initial public offering, according to a report today by Reuters. The report cites no less than four anonymous sources ...
Solid earnings beat and strong forecast send GitLab’s stock soaring
GitLab Inc.’s stock was riding high in extended trading today after the DevOps company posted strong first-quarter results that topped expectations, offered a strong forecast for the coming quarter and raised its full-year guidance. The company reported a net loss for the quarter of $52.9 million, up from a loss of $26.1 million it recorded ...
Globality’s chatbot Glo now uses generative AI to enhance procurement processes and lower costs
Autonomous sourcing startup Globality Inc. is injecting some trendy new generative artificial intelligence capabilities into its platform “Glo,” which is available to all customers from today. Globality is the creator of an AI-powered enterprise procurement platform aimed at helping companies save money when buying various supplies and services necessary for their business operations. Its platform ...
Elastic grows revenue and expands its customer base, but light guidance weighs on stock
Enterprise search technology provider Elastic N.V. delivered strong fiscal fourth-quarter earnings results today, beating expectations, only for its stock to fall in after-hours trading on the back of soft guidance. The company reported a net loss of $46.7 million, improving from the $65.6 million loss it posted one year ago. Earnings before certain costs such ...
MongoDB’s stock explodes on blowout earnings results and bullish forecast
MongoDB Inc. delivered blowout fiscal first-quarter earnings results today and raised its full-year guidance thanks to a significant number of customer wins, sending its stock through the roof in extended trading. The company reported a net loss of $54 million for the quarter, down from a loss of $77 million one year earlier. Earnings before ...
Broadcom’s stock dips as analysts question generative AI growth prospects
Shares of computer chipmaker Broadcom Inc. wavered up and down in extended trading today after it reported strong financial results and guidance for the coming quarter. The company reported a fiscal second-quarter net income of $3.48 billion, up from a profit of $2.52 billion one year ago. Earnings before certain costs such as stock compensation ...
Database schema-as-code startup Ariga raises $18M in funding
Database schema management startup Ariga Technologies Ltd. said today it has closed on an $18 million early-stage funding round led by Tiger Global, TLV Partners and with participation from some notable angel investors. The funding was announced alongside the launch of a new version of Atlas Cloud, which is a commercial version of the open-source ...
Storage veterans Pure Storage and NetApp beat expectations and their stocks jump
In a sign of strength in enterprise storage hardware and services despite the slowing economy, shares of the data storage pioneers Pure Storage Inc. and NetApp Inc. rose in extended trading today after they posted solid financial results that surpassed Wall Street’s expectations. Pure Storage reported a fiscal first-quarter net loss of $67.4 million, rising from ...
Salesforce delivers to expectations but contract delays and rising capital costs weigh on stock
Salesforce Inc. delivered a strong earnings beat and raised its full-year guidance above analysts’ expectations, but concerns about its rising capital expenditures and delayed deals sent its stock down more than 5% in the after-hours trading session. The company reported net income for the first quarter of $199 million, up from a profit of just ...
Cisco buys Armorblox to beef up cybersecurity with generative AI
Cisco Systems Inc. said today it will acquire cybersecurity startup Armorblox Inc. to help protect email, cloud and office applications and enterprise communication systems. The networking giant will take advantage of Armorblox’s natural language processing, predictive and generative artificial intelligence capabilities to help its customers better understand the security risks they face. In a blog post ...