Mike Wheatley
Latest from Mike Wheatley
Semiconductor giant Broadcom posts solid earnings beat
Broadcom Inc.’s stock fell slightly in after-hours trading today despite the chipmaker posting a solid fiscal first-quarter earnings beat. The company reported a profit before certain costs such as stock compensation of $6.61 per share on revenue of $6.655 billion. That was up 14% from the same quarter a year ago. The results just beat Wall Street’s ...
Splunk smashes Wall Street’s expectations as its cloud revenue soars
Investors in big data analytics company Splunk Inc. had lots to cheer about today as the company posted earnings that crushed Wall Street’s expectations. The company’s annualized recurring revenue from cloud software, a key measure of its transition to cloud services, also topped estimates by some distance. Splunk reported a fourth-quarter profit before certain costs such ...
Snowflake beats revenue forecast but posts bigger loss than expected
Cloud data warehouse firm Snowflake Inc. beat expectations today for its fiscal fourth-quarter revenue, but a larger-than-expected loss caused its stock to dive in after-hours trading before it recovered later. The company reported a loss before certain costs such as stock compensation of 70 cents per share on revenue of $190.5 million, up 117% from ...
Google announces Flutter 2 with support for the web and desktop apps
Google LLC pushed out a major update today to its open-source Flutter framework that’s used to build applications that can run on multiple computing platforms. The big news is that Flutter 2, as the release is called, has been expanded to become a portable framework rather than just a mobile framework, which means it can ...
Scarf Systems aims to give developers more control of their open-source software
Exiting stealth mode today, Scarf Systems Inc. says it’s on a mission to help open-source software developers make better, data-informed decisions and ensure they receive more compensation for their efforts too. The company says it’s backed by a seed funding round of an undisclosed amount led by Wave Capital, 468 Capital, Scott Belsky and Kevin Hartz. ...
Intel ordered to pay $2.18 billion for patent infringement
Computer chipmaker Intel Corp. suffered a major blow today after losing a high-profile patent infringement trial and being ordered to pay $2.18 billion in compensation. Intel had denied infringing on two patents owned by VLSI Technology LLC, saying that one of them was invalid because it covers work that was also performed by its own ...
Box posts solid earnings beat as it executes on its cloud vision
Cloud storage and content management firm Box Inc. delivered strong fourth-quarter financial results today, beating expectations on earnings and revenue and posting guidance that came in above estimates. The company reported a profit before certain costs such as stock compensation of 22 cents per share on revenue of $198.9 million, up 8% from a year ago. ...
With Power Platform updates, Microsoft doubles down on low-code app development
The low-code software development market is emerging as one of the hottest markets in enterprise technology, and Microsoft Corp. is gunning for a slice of that pie as it rolls out another slew of updates to Power Platform. Microsoft’s Power Platform is a suite of three products, namely Power BI, PowerApps and Power Automate. They ...
Microsoft debuts its edge AI service Azure Percept at Ignite
Microsoft Corp. is stepping up its artificial intelligence capabilities within its Azure Cloud platform with the launch of a new service called Azure Percept that’s designed to enable a wealth of new AI capabilities for devices at the network edge. Announced today at the virtual Microsoft Ignite event, Azure Percept is designed to enable futuristic ...
At Ignite 2021, Microsoft adds new presentation modes and more to Teams
Microsoft Corp. is expanding its focus on the all-important enterprise collaboration market with a slew of updates and integrations for its Microsoft Teams platform. The most visible new updates announced today at Microsoft’s virtual Ignite 2021 event are the new “dynamic experiences” within Teams that enable presenters to deliver content more professionally to keep participants ...