Mike Wheatley
Latest from Mike Wheatley
Apple beats Wall Street’s earnings and revenue targets but iPhone sales fall short
Apple Inc. beat Wall Street’s expectations on earnings and revenue as it reported its fourth-quarter financial results today, though it came up short in core product categories, including its iPhone business. The company reported earnings before certain costs such as stock compensation of $1.29 per share, just beating Wall Street’s forecast of $1.27 per share. ...
Intel’s stock rises on plan to save up to $10 billion in cost reductions by 2025
Shares of the computer chipmaker Intel Corp. rose by more than 5% in after-hours trading today after the company promised it will deliver up to $10 billion in cost reductions and efficiency improvements. That announcement came as the company provided lower-than-expected earnings guidance for its full fiscal year, after beating estimates on earnings and revenue ...
Amazon’s stock falls 11% on slower cloud growth and lower holiday forecast
Amazon.com Inc. said today that holiday sales and profit will likely come in lower than analysts are expecting because of to decelerating cloud growth, a prime driver of Amazon profits in recent years. The warning came as Amazon’s cloud computing business missed expectations by almost $1 billion in the quarter just gone, sending its stock ...
Dataware pioneer Cinchy raises $14M funding to eliminate need for data integrations
Big-data startup Cinchy Inc., which is pioneering the concept of “dataware,” said today it has closed on a $14.5 million Series B round of funding from a single investor, Forgepoint Capital. Cinchy is the creator of a unique “dataware” tool that provides companies with instant visibility into their organizational data. It enables multiple systems and ...
Samsung’s profit drops by more than 30% on weakening memory chip demand
Samsung Electronics Co. Ltd. said today that its third-quarter profit fell by more than 31% from a year ago amid geopolitical uncertainty that’s likely to persist and dampen demand for consumer products until at least early next year. The company, which is the world’s biggest manufacturer of memory chips and smartphones, reported an operating profit ...
Despite mixed results, ServiceNow’s stock makes strong after-hours gains
ServiceNow Inc.’s stock made big gains in after-hours trading today despite the company posting mixed financial results for its third quarter. The workflow automation firm beat expectations on earnings but missed on revenue and offered lower guidance. Yet its stock jumped more than 12% in the hours after the report. ServiceNow reported earnings before certain ...
Meta’s stock crashes on weaker ad demand and earnings miss
Facebook parent firm Meta Platforms Inc. took another beating today after posting third-quarter results that missed expectations and offering weak guidance. The results underscore the big challenges faced by ad-reliant technology platforms amid a weakening economic climate that’s pushing brands and marketers to spend less. Snap Inc. and Google LLC parent Alphabet Inc. have reported ...
Cisco integrates its cloud contact center and communications tools for better customer experience
Cisco Systems Inc. today announced at its WebexOne 2022 conference a reimagined Webex Customer Experience portfolio that integrates its collaboration, cloud contact center and cloud communications platforms under a single banner. Webex CX, as the new portfolio is called, is a comprehensive suite of tools for handling customer communications, with support for voice calls, instant messaging and ...
Pure Storage debuts fully managed Portworx Enterprise offering to ease Kubernetes data headaches
Data storage firm Pure Storage Inc. today announced the launch of a new, fully managed version of its Kubernetes-focused data management platform, Portworx Enterprise. Portworx Enterprise is a software service that’s designed to help developers ease the management of databases running on Kubernetes, which is widely used to orchestrate large clusters of containers that host ...
Two-way SaaS app integration provider Unito raises $20M
Software-as-a-service application integration startup Unito Inc. is looking to expand its market traction after closing on a $20 million funding round today that brings its total amount raised to $32.9 million. Today’s round was led by CDPQ, joined by new investors Rainfall Ventures and Investissement Québec, plus existing backers Bessemer Venture Partners, Tom Williams and ...