Mike Wheatley
Latest from Mike Wheatley
Arista Networks soars on strong earnings beat
Cloud networking company Arista Networks Inc. is riding high today after reporting third-quarter earnings that easily topped expectations, plus strong guidance for the next quarter. The company reported a profit before certain costs such as stock compensation of $2.42 per share on revenue of $605.4 million, down 7.5% from a year ago. Still, it was well ...
With new cloud offering, AIOps startup Moogsoft moves into IT observability
Moogsoft Inc. said today it’s expanding into artificial intelligence-based observability with the launch of its new Moogsoft Observability Cloud. The new offering enables DevOps teams, those in which software developers and information technology staff work together to create applications faster, and site reliability engineers to surface actionable insights from across their digital infrastructure, together with ...
StorCentric buys former flash storage darling Violin Systems
Data management software company StorCentric Inc. said today it has acquired the flash storage software provider Violin Systems LLC for an undisclosed price. StorCentric is already a strong player when it comes to block storage and file storage software, and the acquisition of Violin means that it can add high-performance NVMe storage software to its extensive portfolio. ...
Five9’s stock rises as it beats earnings targets yet again
Call center software provider Five9 Inc. has come up a winner yet again, comfortably beating Wall Street’s targets with its third-quarter financial results and delivering strong guidance on top of that. The company reported a profit before certain costs such as stock compensation of 27 cents per share on revenue of $112 million, up 34% from ...
Despite topping earnings target, Atlassian sees shares plunge on lower guidance
Enterprise productivity software company Atlassian Corp. Plc. saw its share price take a nosedive today despite topping Wall Street’s targets with its first-quarter financial results as its guidance for the next quarter came in somewhat lighter than expected. The Australian company, which sells project management and collaboration software for developers and engineers, including products such ...
Samsung warns of profit decline as demand for memory chips wanes
Samsung Electronics Co. Ltd. said today that its operating profit is likely to decline in the fourth quarter because of weak demand for its memory chips and stiff competition in the smartphone market. The company had just announced a 59% increase in its operating profit, to 12.35 trillion won (around $10.89 billion), in its third ...
Microsoft launches its industry-focused Cloud for Healthcare platform
Microsoft Corp. today launched its first vertical cloud platform for healthcare providers, bundling its Azure cloud infrastructure service with elements of Microsoft 365, Dynamics 365 and Power Platform. The Microsoft Cloud for Healthcare will become generally available at the end of the month. The company said it will make it “faster and easier” for healthcare providers to ...
Subscription revenue growth helps ServiceNow beat earnings expectations
ServiceNow Inc. has delivered another strong quarterly performance today, beating expectations on earnings and revenue with its third-quarter financial results. The company reported a profit before certain costs such as stock compensation of $1.21 per share on revenue of $1.15 billion, up 30% from the same quarter one year ago. Wall Street had expected a profit ...
StackRox open-sources KubeLinter, a tool to identify configuration errors in Kubernetes
Container security and threat detection startup StackRox Inc. is making its first original contribution to the open-source software community today with the release of a new tool designed to identify misconfigurations in Kubernetes environments. StackRox, which raised $26.5 million in funding last month, sells a cloud-based platform that offers continuous advanced threat detection for cloud-native ...
Business intelligence startup MachEye launches with $4.6M in seed funding
MachEye Inc. is hoping to democratize access to business intelligence after raising $4.6 million in a seed funding round led by Canaan Partners. The company said today it has created an intuitive, artificial intelligence-powered BI tool anyone can use that features a Googlelike search interface. Through this, business users of all shapes can ask simple ...