Mike Wheatley
Latest from Mike Wheatley
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 ...
Cisco’s stock rises on solid guidance, earnings and revenue beat
Cisco Systems Inc. beat expectations for its fiscal second-quarter financial results today and raised its full-year guidance, sending its shares up slightly in extended trading today. The networking giant reported earnings before certain costs such as stock compensation of 88 cents per share, beating analysts’ consensus estimate of 86 cents. Revenue for the period rose ...
Supply chain software firm Descartes acquires GroundCloud for $138M
Logistics and supply chain software-as-a-service company Descartes Systems Group Inc. said today it has acquired GroundCloud, the creator of a cloud-hosted final-mile automation platform, for $138 million. Founded in 1981, Descartes is one of the oldest enterprise software firms on the block. It sells a suite of software products aimed at managing logistics and supply ...
Post-quantum cryptography startup Sandbox AQ raises $500M
Quantum computing software startup Sandbox AQ, which spun off from Alphabet Inc. last year, said today it has closed on a $500 million round of funding. Breyer Capital, T. Rowe Price funds and Salesforce Inc. founder Marc Benioff’s TIME Ventures all participated in the round, as did its Chairman Eric Schmidt, the former chief executive ...
Quantum Brilliance raises $18M to develop miniaturized quantum machines that run at room temperature
Startup Quantum Brilliance GmbH, which is building miniaturized quantum computers that can operate at normal room temperatures, said today it has closed on an $18 million round of funding. The round was led by Breakthrough Victoria, with participation from Main Sequence, Investible, Ultratech Capital Partners, MA Growth Ventures, Jelix Ventures, Rampersand and CM Equity Partners. ...