Mike Wheatley
Latest from Mike Wheatley
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 ...
Bell partners with AWS on 5G multi-access edge computing for Canadian businesses
Canadian telecommunications provider BCE Inc., better known as Bell Canada, said today it’s partnering with Amazon Web Services Inc. to bring lower-latency connectivity to its 5G network. Bell said it’s launching the first public multi-access edge computing platform with AWS Wavelength in Canada. It added that it’s working with Amazon to deploy multiple AWS Wavelength ...
Rebranding as Upside, cash-back app GetUpside closes $165M in funding
Cash-back application provider Upside Services Inc. is flush with cash of its own today after raising $165 million in a late-stage round of funding that brings its valuation to a cool $1.5 billion. The Series D raise consisted of $65 million in equity financing and $100 million in debt financing from General Catalyst, with participation ...
Qualified.com raises $95M to transform corporate websites into a sales generation tool
Salesforce pipeline generation platform provider Qualified.com Inc. said today it has closed on a hefty $95 million round of funding, bringing its total amount raised to date to $163 million. The Series C round was led by Sapphire with significant participation from Tiger Global. The likes of Norwest Venture Partners, Redpoint Ventures and Salesforce Ventures ...
Bug bounty platform Intigriti raises $23M to empower ethical hackers
Belgium-based bug bounty and vulnerability disclosure platform Intigriti NV said today it has raised €21.1 million ($23 million) in a new round of funding. The Series B round, which was led by Octopus Ventures with participation from EnBW New Ventures and ETF Partners, is said to be the largest raise to date for a European ...
Pentagon hires Lyft machine learning expert Craig Martell as its first chief digital and AI officer
The Department of Defense today announced that the Pentagon has hired Lyft Inc. head of machine learning Craig Martell as its first-ever chief digital and artificial intelligence officer. Martell will head up the DOD’s Chief Digital and AI Office, which was created in December in order to centralize oversight of its data and AI initiatives ...