Mike Wheatley
Latest from Mike Wheatley
Rising cloud revenue helps Amazon beat expectations, sending its stock soaring
Updated: Shares of Amazon.com Inc. jumped 13% in extended trading today after the company delivered second-quarter revenue that came in ahead of expectations, despite the company reporting a hefty $2 billion net loss. The cloud computing and online retail giant reported a loss of 20 cents per share on revenue of $121.2 billion, up by ...
SaaS development platform Frontegg raises $40M in funding
Software-as-a-service user management platform Frontegg Ltd. announced it has received another big chunk of funding today, closing on a $40 million round. The Series B raise was co-led by Stripes and Insight Partners and brings the company’s total amount raised to date to $70 million. Frontegg has created a novel “SaaS-as-a-service platform” that includes a ...
Fiddler Labs upgrades its AI model monitoring platform to detect new types of bias and drift
Startup Fiddler Labs Inc. said today it’s doing more to help companies ensure their artificial intelligence models are trustworthy and responsible. The company has announced a big upgrade to its Model Performance Management software, with new capabilities that include model ingestion at giga-scale, natural language processing and computer vision monitoring and a more intuitive user ...
Pegasystems misses Wall Street’s targets as its revenue drops by 16%
It was a bad day at the office for the low-code business process management software provider Pegasystems Inc., which delivered second-quarter earnings and revenue that fell well short of Wall Street’s expectations today. The company reported a loss before certain costs such as stock compensation of 38 cents per share, well below Wall Street’s target ...
ServiceNow misses Wall Street’s targets, lowers its fiscal forecast and its stock falls
Workflow software company ServiceNow Inc. saw its stock fall more than 7% in extended trading today after reporting second-quarter revenue that fell short of expectations. The company also lowered its fiscal 2023 guidance, though it did insist it’s still on target to hit its goal of doing $11 billion in subscription revenue by 2024 and ...
Qualcomm warns of slowdown in smartphone chip sales and its stock slides
Smartphone chip company Qualcomm Inc. is trading lower today after it issued a forecast for its fiscal fourth quarter that fell short of Wall Street’s expectations. The company blamed its poor guidance on weakening smartphone handset sales. Qualcomm’s stock fell almost 3% in the extended trading session, erasing a 2% gain from earlier in the ...
With $11M in funding, Naoris Protocol will use blockchain to make networks more secure as they grow
Blockchain-based startup NDSE Cyber, which does business as Naoris Protocol, said today it has closed on an $11.5 million funding round to build out an AI-based “cybersecurity mesh” that it promises will protect networks better as they grow. The startup is being backed by a number of high-profile investors, chief among them Tim Draper of ...
Juniper reports mixed earnings results as it struggles with ongoing supply chain woes
Shares of the computer networking supplier Juniper Networks Inc. fell in extended trading today after the company posted mixed second-quarter results, with earnings that missed Wall Street’s forecast and revenue that topped expectations. The company reported earnings before certain costs such as stock compensation of 42 cents per share on revenue of $1.27 billion for ...
Microsoft calms investors with optimistic cloud forecast and its stock ticks up
Microsoft Corp.’s stock rose more than 4% in after-hour trading today after the software and cloud giant provided better-than-expected guidance for the year ahead. The rise came despite the company posting fiscal fourth-quarter financial results that missed Wall Street’s expectations. The company reported net income of $16.74 billion for the quarter, up 2% from a year ...
Alphabet sees profit slip and misses earnings and revenue forecasts, but stock rises
Alphabet Inc., the parent company of Google LLC, posted second-quarter earnings results today that came in below expectations, but its stock gained almost 5% in after-hours trading in a sign that the results weren’t as bad as many investors had feared. The company reported earnings of $1.21 per share, amounting to a net income of ...