Mike Wheatley
Latest from Mike Wheatley
Elastic delivers strong revenue growth and beats expectations, but its stock is down
Elastic N.V., a provider of enterprise-grade search software, saw its shares fall in extended trading today despite posting fiscal first-quarter financial results that beat expectations. The company reported a loss before certain costs such as stock compensation of 15 cents per share, coming in ahead of Wall Street analysts’ consensus estimate of a 17-cent-per-share loss. ...
VMware posts solid earnings and revenue beat as it waits to be acquired by Broadcom
Virtualization software giant VMware Inc. delivered solid second-quarter results that beat expectations on profit and revenue, in what is likely to be one of its last earnings reports as a public company. The company reported a net profit for the quarter of $347 million, down slightly from the $411 million profit it recorded in the ...
Dell’s stock drops as it warns of more cautious customer behavior and lowers guidance
Dell Technologies Inc. beat Wall Street’s estimates for its July quarter earnings today, but it warned that it’s seeing growing signs of customers becoming more cautious amid a challenging economic environment. As a result, the computer giant cut its full-year outlook, sending its stock down more than 5% in extended trading. The company reported second-quarter ...
South African retailer Pick n Pay migrates its entire IT infrastructure to Amazon’s cloud
Amazon Web Services Inc. said today that the South African retail giant Pick n Pay Group has migrated its entire on-premises information technology infrastructure to its public cloud computing platform. The company is holding it up as an example of the seamless transition to its cloud that’s enabled by its migration partner Lemongrass Consulting. Lemongrass ...
Splunk beats forecasts, offers strong guidance, but stock falls on slowdown in new business
Shares of the big-data company Splunk Inc. took a tumble today after it reported a slowdown in its new business pipeline, despite posting better-than-expected second quarter results and boosting its outlook for the fiscal year. The company reported a net loss of $209.7 million for the quarter, down from a $383.9 million loss in the ...
Nvidia’s stock falls as lower gaming sales drag on revenue and guidance
Nvidia Corp.’s stock took another hit today after the company offered a revenue forecast for the current quarter that fell short of analysts’ expectations. That warning came after the company confirmed an expected sharp drop in revenue and profit in the quarter just gone. The company reported net income for the second quarter of just ...
Snowflake’s stock pops on solid revenue beat and strong sales forecast
Cloud data warehouse company Snowflake Inc. is flying high today, its stock up more than 17% in after-hours trading thanks to strong second-quarter financial results and increased guidance for the rest of the year. The company reported a net loss for the quarter of $223 million, rising from a $190 million loss in the same ...
Slim AI automates container vulnerability removal to secure software supply chains
Software container supply chain security firm Slim AI Inc. today announced a revamped version of its Continuous Software Supply Chain Security Solution that it says companies can use to find and remove vulnerabilities on an ongoing basis. In this way, companies can harden their all-important container images and reduce the container attack surface, Slim AI ...
Vector database startup Zilliz raises $60M in Series B funding extension
Startup Zilliz Inc., best known as the creator of the Milvus vector database, announced today it has raised $60 million through an extension to its earlier $43 million Series B round of funding. Prosperity7 Ventures, the diversified growth fund of Aramco Ventures, led the round, which included participation from existing investors such as Temasek’s Pavilion ...
Anyscale raises $99M to build out its distributed AI computing platform
The distributed computing startup Anyscale Inc., founded three years ago by a group of researchers from the University of California at Berkeley, said today it has closed on a $99 million round of funding, adding to the $100 million it raised in December. Today’s Series C round was co-led by existing investors Addition and Intel ...