Mike Wheatley
Latest from Mike Wheatley
AMD delivers record quarterly revenue, but its stock falls on weak guidance
Advanced Micro Devices Inc. might have beaten expectations today as it posted its second-quarter results, but it was unable to set aside fears of an imminent slowdown in the chipmaking industry as it offered guidance for the current quarter that came in below expectations. The company reported earnings before certain costs such as stock compensation ...
Cresta brings more AI-powered insights and chatbots to the contact center
The real-time contact center intelligence provider Cresta Intelligence Inc. said today it’s updating its platform with the addition of new tools that enable smarter business insights and more capable chatbots. Cresta has created an artificial intelligence-powered platform for contact centers that’s designed to guide customer service agents on what to say and do at each ...
Microsoft to deploy hydrogen fuel cell system that could replace diesel-powered data center generators
Microsoft Corp. said it has conducted a successful test of a large, three-megawatt hydrogen fuel cell system that could one day serve as an environmentally friendly backup power source in its data centers. The company said in a blog post that it put the hydrogen fuel system through the same tests that are used to ...
Driven by pandemic sales boom, Amazon’s carbon emissions rose 18% in 2021
Amazon.com Inc. revealed today that its carbon emissions jumped 18% last year as it grew its e-commerce business to meet the huge, COVID-19 pandemic-driven surge in online ordering. The news came from Amazon’s annual sustainability report, which showed 71.54 million metric tons of carbon dioxide were emitted into the atmosphere as a result of its ...
Arista Networks’ earnings smash Wall Street’s forecasts, sending stock higher
Networking company Arista Networks Inc. showed why it has built up a reputation for delivering strong growth rates over the past few years, posting second-quarter financial results today that easily beat Wall Street’s expectations. Arista reported net income of $299 million for the period, up from $196.8 million a year earlier. Earnings before certain costs such ...
Apple beats expectations on earnings and revenue, but growth slows to a trickle
Apple Inc. reported fiscal third-quarter financial results today that beat Wall Street’s expectations, sending its stock higher in after-hours trading. The bad news is that the company was barely able to keep growing, with revenue up just 2% from the same period a year ago. The iPhone and Mac maker reported earnings before certain costs ...
Intel’s stock falls on earnings miss and lower guidance, as CEO admits results fell ‘below standards’
Updated: Intel Corp.’s stock fell more than 8% in extended trading today after the company missed Wall Street’s earnings and revenue targets by a wide margin and slashed its outlook for the rest of the year, amid a slowing market and execution troubles. The chipmaker reported second-quarter earnings before certain costs such as stock compensation ...
Rising cloud revenue helps Amazon beat expectations, sending its stock soaring
Updated: Shares of Amazon.com Inc. jumped 13% in extended trading today after the company delivered second-quarter revenue that came in ahead of expectations, despite the company reporting a hefty $2 billion net loss. The cloud computing and online retail giant reported a loss of 20 cents per share on revenue of $121.2 billion, up by ...
SaaS development platform Frontegg raises $40M in funding
Software-as-a-service user management platform Frontegg Ltd. announced it has received another big chunk of funding today, closing on a $40 million round. The Series B raise was co-led by Stripes and Insight Partners and brings the company’s total amount raised to date to $70 million. Frontegg has created a novel “SaaS-as-a-service platform” that includes a ...
Fiddler Labs upgrades its AI model monitoring platform to detect new types of bias and drift
Startup Fiddler Labs Inc. said today it’s doing more to help companies ensure their artificial intelligence models are trustworthy and responsible. The company has announced a big upgrade to its Model Performance Management software, with new capabilities that include model ingestion at giga-scale, natural language processing and computer vision monitoring and a more intuitive user ...
