Mike Wheatley
Latest from Mike Wheatley
Arista Networks beats expectations, but weakening demand weighs on stock
Shares of Arista Networks Inc. fell more than 6% in extended trading today after the company warned that some of its biggest customers might be about to cut back on spending. The warning came as a surprise, as Arista had just delivered strong first-quarter earnings results that comfortably beat Wall Street’s expectations, sending its stock ...
Alteryx delivers mixed earnings results as it plans to cut 11% of its staff
Big-data company Alteryx Inc.’s shares fell sharply in extended trading today after it delivered mixed results in its first-quarter earnings report and offered weak guidance for the months ahead. The report came as Alteryx announced a “workforce reduction plan” in which it will lay off 11% of its staff. These Alteryx layoffs are expected to ...
Intel posts its biggest-ever loss, but stock rises on signs of a turnaround
Chipmaker Intel Corp. posted the biggest quarterly loss in its history today and said it expects to remain in the red in the coming quarter, amid a sharp decline in personal computer sales that has seriously dented its business. The company reported a first-quarter net loss of $2.8 billion, or 66 cents a share, reversing ...
Amazon’s stock dips on uncertainty over AWS cloud growth
Shares of Amazon.com Inc. initially popped in extended trading as the company reported a solid first-quarter earnings beat, but investor sentiment rapidly cooled as company executives raised concerns over the growth of Amazon Web Services Inc., its cloud computing subsidiary, and the stock ended the day down more than 2%. Amazon reported first-quarter revenue of ...
ServiceNow tops $2B revenue barrier and raises its annual forecast
Enterprise software company ServiceNow Inc. delivered strong first-quarter financial results today, surpassing the $2 billion quarterly revenue barrier for the first time and raising its full-year guidance for subscription sales. The company reported net income of $150 million, up from a profit of just $75 million one year earlier. Earnings, adjusted for costs such as stock ...
Meta surprises with return of revenue growth, sending its stock soaring
Facebook parent company Meta Platforms Inc. said today that it was able to grow its revenue by 3% during the first quarter of the year, reversing a trend that saw it deliver three straight quarters of sales declines and prompting investors to bid the stock up almost 15% Thursday. Investors nodded in appreciation as the ...
Pure Storage debuts next-generation unified block and file storage service
Flash storage company Pure Storage Inc. today announced the availability of File Services for FlashArray, a new storage service that provides access to native block and file services from a single, global pool of resources. The company said this is a big deal because it’s the first block and file platform built from the ground ...
Microsoft beats expectations and forecasts strong revenue growth driven by investments in AI
Microsoft Corp. delivered a strong earnings and revenue beat, grew its operating income and forecast another solid beat for the coming quarter, sending its shares up more than 8% in late trading today. The company reported net income for the third quarter of $18.3 billion, up 9% from a year earlier. Revenue for the period ...
Google delivers first-ever cloud profit, easing pressure on its declining ad business
Shares of Google LLC’s parent company Alphabet Inc. rose almost 2% in extended trading today after it delivered first-quarter financial results that topped expectations. Google’s cloud computing business notably recorded a first-ever profit, following years of multimillion-dollar investments and losses. The company reported a first-quarter net income of $15.05 billion, up from a profit of ...
Sendbird integrates ChatGPT with real-time chatbots
Mobile messaging and conversation platform provider Sendbird Inc. today announced the availability of a new, ChatGPT-powered low-code chatbot API for developers. It means that thousands of mobile apps that rely on Sendbird can now incorporate OpenAI’s humanlike conversational capabilities into their customer service chatbots. Sendbird is the creator of a popular application programming interface that enables ...