Mike Wheatley
Latest from Mike Wheatley
IBM partners with Palantir on low-code AI applications
IBM Corp. said Monday it’s teaming up with Palantir Technologies Inc. to meld its hybrid cloud and artificial intelligence technologies with that company’s data analytics tools. Called Palantir for IBM Cloud Pak, the new offering is meant to simplify the way businesses build and deploy AI-infused apps with IBM Watson that can access and analyze ...
Nexthink raises $180M to accelerate employees’ digital experiences
Digital employee experience management provider Nexthink SA announced a hefty $180 million late-stage round of funding today as it looks to cash in on the remote work trend that has gripped enterprises over the last year. Permira, through its Growth Opportunities Fund, led the Series D round, which brings Nexthink’s valuation to $1.1 billion. Also ...
China-backed self-driving car startup Pony.ai raises $100M more
Autonomous driving technology startup Pony.ai announced a $100 million extension to its last funding round today, bringing its total amount raised to more than $1 billion. The company is now valued at $5.3 billion, up from $3 billion in February 2020. The Ontario Teachers’ Pension Plan board’s Teachers’ Innovation Platform led the extension to Pony’s ...
Cybersecurity firms’ fortunes rise amid remote-work trend
Cybersecurity firms are proving their worth on Wall Street, with several well-known providers posting strong financial results this week that comfortably topped expectations. The rise in the number of people working from home predictably led to a strong boost in sales for companies that sell the hardware those people need to do their jobs. Companies ...
Teradata’s stock jumps on strong cloud revenue growth
Teradata Inc.‘s stock shot up almost 15% in after-hours trading today after the big-data analytics firm posted fourth-quarter earnings and revenue that topped Wall Street’s expectations, followed by strong guidance for the coming quarter. The company reported a profit before certain costs such as stock compensation of 38 cents per share on revenue of $491 million. ...
New Relic’s stock tanks again as guidance comes up short
Observability platform provider New Relic Inc. saw its stock sink lower in after-hours trading today after posting guidance for the new quarter that came up short. The company reported a third quarter loss before certain costs such as stock compensation of 14 cents per share on revenue of $166 million, up 9% from a year ...
Google signs new cloud deals with Twitter and BNY Mellon
Google LLC announced two major new customers for its public cloud infrastructure business today, signing multiyear deals with Twitter Inc. and The Bank of New York Mellon Corp. Under the deal with Twitter, the social media giant move its offline analytics, data processing and machine learning workloads to Google’s cloud, deepening an existing partnership that ...
Lightstep delivers on the promise of AIOps with Change Intelligence platform
Lightstep Inc., a software application observability startup founded by two former Google LLC engineers, said today it’s launching a new performance monitoring platform called “Change Intelligence” aimed at helping DevOps teams understand the state of their applications and systems in real-time. Lightstep’s Change Intelligence platform works by automating the process of investigating any changes made ...
VMware’s Cloud Foundation gets support for persistent data storage
Virtualization software giant VMware Inc. today updated its popular VMware Cloud Foundation offering with new improvements centered on storage, networking and management for virtual machine- and container-based applications. VMware Cloud Foundation is the company’s hybrid cloud platform for managing VMs and orchestrating software containers, which are used to host the components of modern, agile applications. It’s an ...
Qualcomm enjoys massive earnings growth but misses revenue forecast
Smartphone chip company Qualcomm Inc.’s first-quarter financial results came in a bit mixed today, with profit just beating expectations and revenue falling short. Despite strong guidance for the next quarter, the company’s stock fell after-hours. The company reported a profit before certain costs such as stock compensation of $2.17 per share on revenue of $8.235 billion, up ...