Mike Wheatley
Latest from Mike Wheatley
No deal: New Relic ends talks with private equity firms over leveraged buyout
Talks on a possible acquisition of New Relic Inc. by the private equity firms Francisco Partners Management LP and TPG Inc. have reportedly broken down. A report Friday by Reuters that cites people familiar with the matter said the two suitors were unable to secure enough debt financing and failed to meet New Relic’s valuation ...
Shares of Marvell jump sky-high as it forecasts AI chip revenue to double
Updated: Marvell Technology Inc. topped expectations in its fiscal first-quarter financial results today and said it’s expecting revenue from artificial intelligence to at least double this year, sending its stock sky-high in extended trading. The company reported a net loss for the first quarter of $168.9 million, with earnings before certain costs such as stock ...
Strong earnings beat sends Workday’s stock higher
Human resources software pioneer Workday Inc. beat expectations in its fiscal first-quarter financial results today and hired a new chief financial officer, sending its stock higher in extended trading. The company reported a net profit of $136,000 for the quarter, working out at less than a penny a share. Earnings before certain costs such as ...
UiPath’s stock gets hammered on soft revenue guidance
Business automation software company UiPath Inc. reported a strong earnings and revenue beat only to see its shares get creamed in extended trading after it issued a tepid forecast for the current quarter. The soft revenue forecast for the second quarter prompted a big selloff of its stock, which dropped more than 8%. The company ...
Snowflake’s stock falls on guidance miss, as it confirms plans to acquire Neeva
Shares of the cloud data warehouse company Snowflake Inc. sank in extended trading today after the company slashed its full-year outlook, sparking concerns about its exposure to reduced enterprise technology spending. Snowflake did at least beat expectations as it delivered its first quarter financial results. It also announced its previously reported intention to acquire the ...
Nvidia’s stock soars 26% on strong sales forecast amid surging demand for AI chips
Chipmaker Nvidia Corp. comfortably beat expectations as it posted its fiscal first-quarter results today, before delivering a revenue forecast that blew Wall Street’s projections out of the water, sending its stock up an incredible 26% in trading Thursday. The company reported net income for the quarter of $2.04 billion, up from the $1.62 billion profit ...
API simulation platform WireMock raises $6.5M in seed funding
WireMock Inc., creator of an application programming interface-focused productivity platform for developers, said today it has raised $6.5 million in seed funding. Today’s round was led by Ridge Ventures and include participation from First Rays Venture Partners, Scribble Ventures and a number of angel investors. The startup is the creator of WireMock Cloud, a platform ...
Alteryx integrates generative AI to power advanced data analytics insights and workflows
Big-data company Alteryx Inc. said today it has created a new artificial intelligence, machine learning and generative AI engine for the Alteryx Analytics Cloud Platform to accelerate customer’s efficiency and productivity. At its annual user conference Inspire 2023, the company revealed Alteryx AiDIN as a new platform that combines the power of Alteryx Analytics outputs ...
New Relic’s stock tanks on lower forecast
Shares of private equity acquisition target New Relic Inc. fell sharply in extended trading today as it provided disappointing guidance for the coming quarter and new fiscal year. New Relic delivered strong fourth-quarter results, reporting earnings before certain costs such as stock compensation of 42 cents per share on revenue of $242.5 million, up 18% ...
Microsoft debuts Fabric, a single, integrated data analytics platform for AI and business
Microsoft Corp. today debuted a new and integrated data analytics platform called Microsoft Fabric that brings together all of the data and analytics tools an organization needs to build the foundation of artificial intelligence. The platform was announced at Microsoft’s annual developer conference Build 2023 running today through Wednesday in Seattle. It integrates platforms such ...