Mike Wheatley
Latest from Mike Wheatley
Dell easily beats earnings and revenue targets, sending stock up
Dell Technologies Inc. has just closed on another strong quarter, beating Wall Street’s estimates on both profit and revenue today to drive its stock higher in after-hours trading. The company today reported fiscal first-quarter earnings before certain costs such as stock compensation of $1.84 per share on revenue of $26.12 billion, up 16% from a year ago. ...
Supply challenges hurt Nutanix’s guidance and its stock plunges
Data center infrastructure supplier Nutanix Inc. found itself down in the dumps today after it offered lower guidance for the current quarter. The company’s stock plummeted by more than 30% in extended trading after highlighting serious supply chain issues it’s struggling with. The company actually did quite well in the quarter just gone. It reported ...
Splunk’s stock rallies on strong earnings and higher forecast
Big-data processing company Splunk Inc. bucked the trend on Wall Street today after posting strong fiscal first-quarter financial results that sent its stock higher in after-hours trading. The company reported a net loss of $304.3 million in the quarter, improving on the $471 million loss it posted in the same period one year before. Earnings ...
Nvidia blames China COVID lockdowns for lower guidance and its stock falls
Shares of the computer graphics chip heavyweight Nvidia Corp. sank in after-hours trading today after the company said it will slow down its pace of hiring and apply stricter controls on its spending. The news came after Nvidia delivered fiscal first-quarter results that beat expectations. However, the company cited a “challenging macroeconomic environment” as the ...
Amplitude launches customer data platform with integrated product analytics
Behavior-tracking software provider Amplitude Inc. said today it’s getting into the customer data platform game with the launch of a new product called Amplitude CDP. Billed as the industry’s first insights-driven customer data platform, Amplitude CDP does away with the need to integrate with third-party analytics services, since it can collect and analyze data from ...
Cockroach Labs adds command-line tool and more automation in latest database release
Cockroach Labs Inc., maker of the distributed and extremely resilient CockroachDB database, today announced a major update to that platform. The company said today the new version, CockroachDB 22.1, will enable application updates across the entire development lifecycle. According to the company, that means developers using the platform will be able to build applications that scale ...
Big tech stocks slump in wake of Snap profit warning
Tech stocks took a big tumble Tuesday as investors bailed from dozens of companies that had rallied at the height of the COVID-19 pandemic. The tech-heavy Nasdaq Composite index fell amid investor fears of a slowdown in the digital advertising sector, following a profit warning by social media firm Snap Inc. The company, which also ...
Microsoft announces new Azure capabilities around cloud-native apps, data analytics and hybrid cloud operations
Microsoft Corp. unveiled a slew of updates to the Azure cloud platform at its online Build 2022 developer conference today, with new capabilities for cloud-native applications, big data, hybrid cloud and Azure migration among the highlights. Developers of cloud-native apps in particular have a lot to look forward to, with multiple updates to Azure aimed ...
AI development on Microsoft Azure gets beefed up with access to OpenAI models
Microsoft Corp. is expanding its long-running relationship with the artificial intelligence research outfit OpenAI Inc. as it launched a new service today for Azure Cognitive Services. The service provides developers with access to a range of OpenAI’s AI models, including the GPT-3 base series, Codex series and embedding models. Details of the expanded relationship were announced at Build ...
Microsoft extends Teams’ unique collaborative features to outside apps
Collaboration came to the fore at Microsoft Corp.’s Build 2022 conference today as the company unveiled a host of new developer-focused tooling and features for Microsoft Teams. One of the most exciting updates is the new Live Share experience that makes it possible for meeting participants to interact in new ways with shared applications. The ...