Mike Wheatley
Latest from Mike Wheatley
Apple warns of possible $8 billion hit from supply constraints and its stock falls
Apple Inc. delivered strong financial results today that bucked investors’ concerns over a deteriorating macroeconomic environment that might hurt demand for high-end smartphones and other devices. Even so, the iPhone maker’s stock fell slightly in extended trading after a warning that it still faces multiple challenges. They include ongoing supply constraints related to COVID-19 that ...
Intel beats expectations but lower outlook sends its stock down 4% in late trading
Shares of the chipmaker Intel Corp. fell more than 4% in after-hours trading today after the company offered lower-than-expected guidance for its fiscal second quarter. The company reported first-quarter net income of $8.1 billion, with earnings before certain costs such as stock compensation coming to 87 cents per share. Revenue for the period came to ...
Deepset, creator of the open-source NLP framework Haystack, raises $14M
German artificial intelligence startup deepset GmbH stepped into the limelight today, closing on a $14 million early-stage round of funding led by GV and announcing the beta launch of deepset Cloud, an enterprise software-as-a-service platform for building “language aware” software. Today’s Series A round saw the participation of investors including Harpoon Ventures, System.One, Lunar Ventures ...
Hasura’s GraphQL Joins allows developers to fetch data from multiple databases and other sources via a single API
Hasura Inc., a startup that sells a commercial version of the open-source GraphQL data management language, announced new capabilities today that let developers instantly join data across different GraphQL services. Through the new features, developers can create a unified GraphQL application programming interface to join data instantly across different GraphQL services. Expanding on Hasura’s existing ...
Samsung delivers record quarterly revenue on strong memory chip demand
Strong demand for memory chips and smartphones helped Samsung Electronics Co. deliver its best first-quarter earnings results in four years. The company, which is the world’s largest memory chip and handset manufacturer, said today that its operating profit jumped by an impressive 51%, to 14.1 trillion won ($11.1 billion), beating analyst’ expectations of 13.2 trillion won. The ...
Qualcomm’s diversification strategy pays off as it crushes expectations on earnings
Qualcomm Inc.’s stock rallied in after-hours trading today after the company managed to dodge the impact of slowing smartphone sales resulting from COVID-19 lockdowns in China and reduced demand in Europe. In its fiscal second quarter, it posted record quarterly revenue and followed up with strong guidance for the next period too. The company reported earnings ...
ServiceNow’s stock pops as it beats expectations with 27% revenue growth
Shares of enterprise software giant ServiceNow Inc. popped in after-hours trading Wednesday after the company delivered a first-quarter earnings report that topped expectations. The company reported earnings before certain costs such as stock compensation of $1.76 per share on revenue of $1.72 billion, up 27% from a year earlier. Net income for the period came ...
Armo raises $30M to bring open-source security to Kubernetes
Startup Armo Ltd. said today it has closed on a $30 million early-stage round of funding to deliver what it believes is the first viable, open-source solution for Kubernetes security. The Series A round was led by Tiger Global and Hyperwise Ventures and saw participation from existing investors including Pitango First and Peled Ventures. Armo ...
VMware adds more Sovereign Cloud partners and expanded cloud services with Tanzu
VMware Inc. today announced an expansion of its Sovereign Cloud initiative that aims to help companies identify and engage with trusted national and regional cloud service providers. The initiative was launched last year for customers with unique requirements for data sovereignty and scrutiny of data access and control. Many of VMware’s customers must adhere to ...
Juniper Network’s stock falls as it warns of elevated supply costs
Shares of the computer networking gear supplier Juniper Networks Inc. slipped more than 5% today after the company warned investors it faces “elevated costs” this year resulting from ongoing supply chain challenges. The warning came after a mixed report that saw Juniper miss expectations on earnings. The company reported first-quarter earnings before certain costs such ...