Mike Wheatley
Latest from Mike Wheatley
Driven by pandemic sales boom, Amazon’s carbon emissions rose 18% in 2021
Amazon.com Inc. revealed today that its carbon emissions jumped 18% last year as it grew its e-commerce business to meet the huge, COVID-19 pandemic-driven surge in online ordering. The news came from Amazon’s annual sustainability report, which showed 71.54 million metric tons of carbon dioxide were emitted into the atmosphere as a result of its ...
Arista Networks’ earnings smash Wall Street’s forecasts, sending stock higher
Networking company Arista Networks Inc. showed why it has built up a reputation for delivering strong growth rates over the past few years, posting second-quarter financial results today that easily beat Wall Street’s expectations. Arista reported net income of $299 million for the period, up from $196.8 million a year earlier. Earnings before certain costs such ...
Apple beats expectations on earnings and revenue, but growth slows to a trickle
Apple Inc. reported fiscal third-quarter financial results today that beat Wall Street’s expectations, sending its stock higher in after-hours trading. The bad news is that the company was barely able to keep growing, with revenue up just 2% from the same period a year ago. The iPhone and Mac maker reported earnings before certain costs ...
Intel’s stock falls on earnings miss and lower guidance, as CEO admits results fell ‘below standards’
Updated: Intel Corp.’s stock fell more than 8% in extended trading today after the company missed Wall Street’s earnings and revenue targets by a wide margin and slashed its outlook for the rest of the year, amid a slowing market and execution troubles. The chipmaker reported second-quarter earnings before certain costs such as stock compensation ...
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 ...