Mike Wheatley
Latest from Mike Wheatley
Cloud services provider Rackspace Technology Inc. delivered to expectations as it posted its first-quarter financial results today, but lower guidance sent its stock down 2% in after-hours trading. The results were notable because it was the first time Rackspace has reported since …
Nutanix consolidates application management across environments and announces vision for true portability
Data center infrastructure supplier Nutanix Inc. today announced that it’s giving administrators an easier way to consolidate infrastructure management across public clouds, on-premises data centers, hosted and edge environments. It’s doing so through a new, cloud-delivered interface called Nutanix Central, which it …
HCM software firm UKG to integrate Google Cloud’s generative AI
Human capital management software provider Ultimate Kronos Group Inc. said today it’s tapping into Google Cloud’s generative artificial intelligence offerings to transform the decision-making process for business leaders. UKG sells a cloud-based human capital management software platform that offers payroll, talent management, …
UVeye, creator of an AI-powered vehicle inspection system, raises $100M in funding
Automated vehicle inspection systems startup UVeye Inc. said today it has closed on a $100 million funding round led by Hanaco VC. The Series D round, which also saw participation from existing investors GM Ventures, CarMax, W.R. Berkley Corporation, F.I.T. Ventures L.P. …
Flexible e-commerce funding platform 8fig raises $140M
8fig Ltd., a startup that offers continuous funding and management services to e-commerce businesses, said today it has just closed on a hefty amount of money of its own, raising $140 million in a new financing round. Today’s Series B round, which …
LightSolver debuts ‘laser processing unit’ as alternative to quantum computing and supercomputers
High-performance computing startup LightSolver Ltd. today announced what it says is the world’s first pure “laser-based processing unit,” providing businesses with an alternative to expensive supercomputers and unstable quantum computing platforms. The LightSolver LPU is designed to solve business challenges that involve …
Western Digital beats expectations but its losses mount
Western Digital Corp. posted financial results that surpassed Wall Street’s expectations today, only to follow up with weak guidance for the current quarter in a sign that demand for memory chips will likely take longer than expected to recover. The company’s stock …
Google confirms the Pixel Fold will launch next week
Google LLC has finally confirmed long-running rumors that it will introduce its first foldable smartphone. Today, the company unveiled its upcoming Pixel Fold device, which will be launched at next week’s Google I/O 2023 event. For now, the company is offering a …
Dropbox delivers another quarter of steady revenue growth, pleasing investors
File-sharing company Dropbox Inc. comfortably beat Wall Street’s expectations today as it delivered its fiscal first-quarter financial results, boosting its stock by more than 8% in after-hours trading. The company reported a first-quarter net income of $69 million, down from the $79.7 …
Strong iPhone sales drive Apple to solid earnings and revenue beat
Apple Inc. returned to form as it delivered its fiscal second-quarter earnings report today, beating Wall Street’s expectations thanks to stronger than expected iPhone sales. The company couldn’t prevent its overall sales declining for the second quarter in a row, though, and …