Mike Wheatley
Latest from Mike Wheatley
Asana grows revenue rapidly but losses rise even faster
Collaboration software provider Asana Inc. delivered fiscal first-quarter results today that topped Wall Street’s expectations, but it forecast a wider-than-expected loss for the second quarter, sending its stock lower in after-hours trading. The company reported a net loss for the quarter of $98.9 million, up from a loss of $60.7 million one year earlier. On ...
PagerDuty hits $80M in quarterly sales for the first time, beating forecast and sending shares up
The observability firm PagerDuty Inc. put in another solid quarterly performance as it delivered its first earnings call of fiscal 2023 today, sending its stock higher in after-hours trading. The company reported a first-quarter net loss of $32.8 million, higher than the $22.6 million net loss it posted in the same period one year ago. ...
Google Cloud doubles down on its support for startup founders
Google Cloud is building on the initial success of its Google for Startups Cloud Program with the launch of additional, early-stage financial support for bootstrapped startups and new “Startup School” workshops for company founders. The announcements were made during the second annual Google Cloud Startup Summit that kicked off today, and they build on the ...
LogicMonitor launches unified observability platform for multicloud and container environments
Information technology observability firm LogicMonitor Inc. said today it’s expanding its capabilities with the launch of a new, unified and software-as-a-service-based platform called LM Envision. Announced at LM Elevate, the company’s annual user conference, LM Envision is said to be LogicMonitor’s most comprehensive observability platform yet. Companies can assess the health of thousands of IT ...
Forward Networks integrates with Rapid7 to model network behavior and mitigate device vulnerabilities
Network operations provider Forward Networks Inc. introduced a major revamp of its platform today, adding new capabilities that provide teams with a “single, actionable and contextual view” of their networks. The company’s platform is also being integrated with security analytics and automation tools from Rapid7 Inc. to combine end-device vulnerability data with up-to-date connectivity analysis. ...
Kubecost launches open-source OpenCost project to keep a lid on Kubernetes spending
A startup called Kubecost, officially known as Stackwatch Inc., today announced the launch of a promising new open-source project that provides companies with tools around Kubernetes cost monitoring and optimization, as well as standardized methodologies for tracking those costs. The initiative is called OpenCost and it has some pretty big backers, with the likes of ...
NetApp and Pure Storage deliver solid results on a strong day for storage suppliers
Enterprise storage providers NetApp Inc. and Pure Storage Inc. both delivered solid financial results today, sending their stocks higher in after-hours trading. NetApp reported fiscal fourth-quarter net income of $259 million, with earnings before certain costs such as stock compensation coming to $1.42 per share. Revenue rose 8% from a year ago, to $1.68 billion. The ...
HPE’s stock falls on earnings and revenue miss
Doom and gloom surrounded Hewlett Packard Enterprise Co. today after the company reported flat fiscal second-quarter earnings and revenue amid rising concern for business spending on technology hardware. The company reported a net profit of $250 million, slightly below the $259 million profit it delivered in the same period one year ago. Earnings before certain ...
UiPath kicks off fiscal 2023 with a solid earnings beat and rising revenue
Business automation software firm UiPath Inc. saw its stock rise in extended trading today after posting fiscal first-quarter earnings results and guidance for the next period that came in above expectations. The company reported a net loss for the quarter of $122.6 million, with earnings before certain costs such as stock compensation coming to three ...
Supreme Court blocks Texas law that aims to prevent social media censorship
The U.S. Supreme Court today moved to block Texas from immediately implementing a new law that’s intended to prevent large social media platforms from censoring users’ posts based on their political views. In a written order, the Supreme Court granted an emergency request by two technology industry trade groups to block the law temporarily while ...