Mike Wheatley
Latest from Mike Wheatley
New Relic’s stock moves higher on earnings and revenue beat
Observability firm New Relic Inc. delivered strong fiscal second-quarter financial results today, topping Wall Street’s expectations on earnings and revenue. The company reported earnings before certain costs such as stock compensation of 13 cents per share on revenue of $226.9 million, up 16% from a year ago. Analysts had been targeting a loss of six ...
GlobalFoundries delivers record earnings on sustained demand for lower-end commodity chips
Shares of the computer chipmaker GlobalFoundries Inc. gained ground in regular trading today after the company reported solid third-quarter financial results that topped Wall Street’s expectations. The contract chip manufacturer reported earnings before certain costs such as stock compensation of 67 cents per share, up by seven cents from the same quarter last year and ...
Equinix debuts highly distributed, low-latency bare metal deployment option for VMware Cloud
Data center infrastructure firm Equinix Inc. said today it’s partnering with virtualization software giant VMware Inc. to give enterprises a new, bare metal deployment option for VMware Cloud. The new offering is called VMware Cloud on Equinix Metal. It’s billed as a distributed cloud service that enables companies to deploy higher performing and more cost-effective applications ...
Exotanium raises $12M to optimize cloud efficiency while reducing costs by up to 90%
Cloud resource optimization startup Exotanium Inc. said today it has secured the funds it needs to support its future product roadmap after closing on a $12 million Series A round of funding led by Cambium Capital and Celesta Capital. Exotanium is a startup with a lot of promise, offering cloud infrastructure optimization tools that it ...
Weak guidance sends Five9’s stock down in after-hours trading
Call center software provider Five9 Inc.’s stock took a hammering in after-hours trading today after the company provided weak guidance for the coming quarter and full year. The company did quite well in the quarter just gone, reporting earnings before certain costs such as stock compensation of 39 cents per share. That came in above ...
DigitalOcean’s weak outlook raises concerns of cloud computing slowdown
Developer-focused cloud computing infrastructure provider DigitalOcean Holdings Inc. beat expectations today as it posted its third quarter financial results, but tepid guidance suggests it’s not immune to weakness in the public cloud market. The company reported net income of $9.4 million for the quarter. Earnings before certain costs such as stock compensation, came to 38 cents ...
Graph-relational database startup EdgeDB raises $15M in early-stage funding
Graph-relational database developer EdgeDB Inc. is gearing up for prime time after closing on a $15 million early-stage round of funding ahead of its official launch early next year. Today’s Series A round was led by Nava Ventures and Accel and included participation from a number of well-known tech companies, including Vercel Inc., Google LLC’s ...
Datadog beats Wall Street’s expectations as its revenue grows by more than 60%
Application monitoring software firm Datadog Inc. delivered strong third-quarter financial results today, beating expectations on earnings and revenue, and offered solid guidance for the coming quarter too, but its stock barely moved. The company reported a net loss of $26 million for the quarter, with earnings before certain costs such as stock compensation coming to ...
Twilio’s stock crumbles on poor revenue guidance
Shares of the cloud communications firm Twilio Inc. nosedived in extended trading today after it issued a soft earnings and revenue outlook for the coming quarter. The company did OK in the quarter just gone, reporting a third-quarter loss before certain costs such as stock compensation of 27 cents per share, ahead of Wall Street’s ...
Dropbox delivers on earnings and revenue targets with slow and steady growth
Dropbox Inc. delivered strong third-quarter financial results today, beating Wall Street’s forecasts on earnings and revenue and offering guidance above expectations. The file-sharing company reported earnings before certain costs such as stock compensation of 43 cents per share, with revenue coming to $591 million in the period, up 7.4% from a year earlier. Altogether, the ...