Mike Wheatley
Latest from Mike Wheatley
Akamai beats expectations as cloud and security revenues grow
Akamai Technologies Inc., the content delivery network firm that’s morphing into a cloud infrastructure services provider, delivered better-than-expected financial results today as it gears up to take on the likes of Amazon Web Services Inc. and Google Cloud. The company reported fourth-quarter net income of $128.7 million, down from the $160.5 million profit it delivered ...
Canonical debuts Real-time Ubuntu for low-latency applications
Linux operating system developer Canonical Ltd. today announced the general availability of Real-time Ubuntu, a new and specialized version of its operating system designed for time-bound workloads and applications. The newly developed real-time kernel within Ubuntu is better able to serve extreme latency-dependent use cases, providing deterministic response times to service events, Canonical said. In ...
Akamai expands into cloud infrastructure services with Connected Cloud platform
Content delivery network and cloud services provider Akamai Technologies Inc. said today it’s launching a massively distributed edge and cloud platform called Akamai Connected Cloud. It’s designed to enable cloud computing, content delivery and security that brings applications and experiences closer to end users, while providing better protection against security threats. The launch comes almost a year ...
Uber goes multicloud, announcing big deals with Oracle and Google
Ride-hailing company Uber Technologies Inc. today unveiled its multicloud strategy, announcing a new seven-year strategic cloud partnership with Oracle Corp. that will see it move the bulk of its most critical workloads to Oracle Cloud Infrastructure. At the same time, Uber revealed it’s expanding its partnership with its existing cloud partner, Google Cloud. It said ...
Arista Networks grows profit and revenue as it easily beats Wall Street’s targets
Arista Networks Inc. comfortably beat expectations today as it delivered its fourth-quarter financial results, showing impressive revenue growth and offering a strong forecast for the current quarter. Arista’s stock initially gained 3.5% in extended trading before pulling back slightly for a 1% gain. The stock had risen 2% earlier in the day. The company reported net ...
Faced with possible delisting, Rigetti Computing lays off staff and updates technology roadmap
Quantum computing firm Rigetti Computing Inc. today said it will lay off 28% of its staff after replacing its chief technology and financial officers. The publicly traded company is facing the possibility of a delisting from the Nasdaq exchange due to the poor performance of its stock, and to avoid that it has to maintain ...
Amazon’s Project Kuiper satellites get launch approval from the FCC
Amazon.com Inc.’s Kuiper Systems LLC satellite division was granted permission to go ahead with its first launches, according to a ruling by the Federal Communications Commission today. The FCC’s International Bureau provided its stamp of approval on an orbital debris mitigation plan submitted by Kuiper, removing one of the last hurdles in the way of ...
Alteryx’s stock jumps on rapid revenue growth and confident outlook
Shares of the big-data firm Alteryx Inc. rose more than 9% in extended trading today after it revealed that its revenue grew by 73% in the fourth quarter. It also offered solid guidance for the next quarter and full year, boosting investor’s enthusiasm further. The company reported a net loss for the quarter of $31.7 ...
Google launches Immersive Stream for XR to power extended reality experiences from the cloud
Google Cloud is looking to power high-quality photorealistic augmented reality experiences for millions of mobile devices with the general availability of its Immersive Stream for XR service. Announced today, Immersive Stream for XR is a cloud-hosted graphics rendering service powered by Google Cloud’s graphics processing units. It streams high-quality, detailed images and video to any ...
Cloud networking startup Arrcus raises $50M funding round
Hyperscale networking software startup Arrcus Inc. today announced it has closed on a $50 million late-stage round of funding led by Prosperity7. Existing investors, including Clear Ventures, General Catalyst, Liberty Global and Lightspeed, also participated in the Series D round, as did Silicon Valley Bank, which is providing credit facilities. Arrcus said today’s round almost doubles ...