Mike Wheatley
Latest from Mike Wheatley
Despite revenue beat, DocuSign’s losses grow and its stock price plunges
Shares of DocuSign Inc. crashed in extended trading today after the company missed expectations on earnings and its losses widened from a year ago. The company reported a net loss in the first quarter of $27.4 million, down from a loss of $8.3 million in the same period last year. Earnings before certain costs such ...
HYCU raises $53M to grow its multicloud data backup and recovery offering
Cloud-based data backup and recovery-as-a-service provider HYCU Inc. today announced a second dose of venture capital funding, just 15 months after closing on its previous round of financing. The company said it has closed on a $53 million Series B round led by Acrew Capital, with participation from all of the investors in its Series ...
Amazon’s mainframe killer helps banks redo legacy apps for the cloud
Amazon Web Services Inc. today announced the general availability of a key new service that offers businesses a simple way to migrate their mainframe workloads to the cloud. AWS Mainframe Modernization, announced in preview at last year’s AWS re:Invent, provides customers with two options for migrating mainframe workloads. First, they can refactor their applications, usually written ...
Couchbase’s stock rises after database firm beats earnings forecasts
The popular enterprise database firm Couchbase Inc. kicked off fiscal 2023 with solid first-quarter financial results that beat expectations on earnings and revenue. Its guidance for the next quarter was higher too, sending its stock up in extended trading. The company reported a net loss from operations of $19 million in the quarter, bigger than ...
PayPal now allows crypto transfers to third-party wallets
PayPal Holdings Inc. has announced expanded cryptocurrency features, enabling users to send and receive funds to and from other wallets. Prior to today’s announcement, PayPal already allowed users to buy and sell bitcoin, Ethereum, Bitcoin Cash and Litecoin from within its app, and also use crypto to pay at checkout for many goods and services. ...
Striim adds more data integration sources and targets and scales its platform
Startup Striim Inc. today announced a new version of its real-time data integration platform, adding new sources and targets for reading and writing data using its built-in adapters. With the update, Striim said, its platform now supports 125 sources and targets. New sources include change streams from Azure Cosmos DB, while Databricks Delta Lake is ...
Coupa Software delivers first quarter earnings and revenue beat
Payment management software provider Coupa Software Inc. made a solid start to fiscal 2023, reporting first-quarter earnings and revenue that beat Wall Street’s expectations. The company reported a net loss of $71.3 million for the quarter. Earnings before certain costs such as stock compensation came to eight cents per share, as revenue grew 18% from ...
DevOps darling GitLab’s stock soars as it easily beats earnings targets
Updated: DevOps company GitLab Inc.’s stock surged in extended trading today after it reported fiscal first-quarter earnings and revenue that topped expectations and raised its outlook for the full year. The company reported a loss of $26.1 million, or 18 cents per share, before certain costs such as stock compensation. Revenue jumped 75% from the ...
Nvidia TAO Toolkit update aims to simplify deep learning model development
Nvidia Corp. is aiming to make life easier for developers of artificial intelligence applications with an update to its TAO Toolkit platform. TAO Toolkit is a low-code version of Nvidia’s Train, Adapt and Optimize framework that’s designed to simplify and accelerate AI model creation for enterprise applications. As the company explains, TAO Toolkit makes life ...
XPO Logistics taps Google Cloud to build faster, more efficient supply chains
Google Cloud today announced a new, multiyear collaboration with XPO Logistics Inc. around cloud-based supply chain optimization, adding to a string of major customer wins it has landed since the start of the year. XPO said it will leverage Google Cloud’s expertise in areas such as artificial intelligence, machine learning and data analytics to build ...