Mike Wheatley
Latest from Mike Wheatley
Oracle misses on profit expectations as equity investments hurt income
Oracle Corp. today reported fiscal third-quarter revenue in line with forecasts and a profit that missed expectations because of what it said was the decline in value of two equity investments, but its profit and revenue guidance for the next three months remained higher than analysts’ forecasts. The report initially sent Oracle’s stock down more than ...
Self-learning autonomous driving AI startup Autobrains closes $120M Series C round
Autobrains, a company that’s developing self-learning artificial intelligence technology for assisted and autonomous driving systems, said today it has closed on a $120 million round of funding. The Series C round was led by Temasek and saw participation from existing investors Continental and BMW I Ventures, plus new investors Knorr-Bremse AG and VinFast. Autobrains, which ...
Amazon board approves 20-for-1 stock split and $10B share repurchase
Amazon.com Inc.’s board of directors today voted to approve a 20-for-1 stock split that will revalue the company’s shares. The split – the first in more than two decades – will take effect in June, subject to approval from shareholders at the company’s annual meeting in May. In addition, Amazon said its board has authorized ...
Couchbase’s stock crumbles after-hours on weak revenue guidance
Database company Couchbase Inc. delivered strong fiscal fourth-quarter financial results today, beating expectations, only to see its stock fall in after-hours trading on weak guidance. The company reported a loss before certain costs such as stock compensation of $12.7 million, or 22 cents per share, with revenue rising 19% from a year ago, to $35.1 ...
Asana shows solid growth, but its stock sinks on profit warning
Shares of the work collaboration software firm Asana Inc. fell sharply in after-hours trading today after the company beat fourth-quarter earnings expectations but followed up with disappointing guidance for the current quarter. The company reported a net loss in the fourth quarter of $90 million, or 25 cents a share. Revenue for the period jumped ...
L’Oréal hops on Google Cloud to manage big-data complexity
L’Oréal S.A. revealed today how it has invested heavily in Google Cloud‘s serverless and data tooling solutions to support the Beauty Tech Data Platform that underpins the French cosmetics giant’s business. In a blog post designed to promote Google Cloud’s big-data capabilities, L’Oréal talked about how it has evolved into a “beauty tech” company that relies ...
Sumo Logic reports strong revenue growth, but weak profit guidance disappoints
Data analytics software firm Sumo Logic Inc. beat expectations today for its fiscal fourth-quarter financial results, but its stock fell slightly in extended trading on warning of a lower-than-expected profit. The company reported a net loss of $33.5 million for the quarter, or 13 cents per share. Revenue for the period rose 24% from a ...
MongoDB delivers strong earnings results, soundly beating expectations
Database software darling MongoDB Inc. posted strong fiscal fourth-quarter results today that easily beat expectations, sending its stock higher in after-hours trading. The company reported a loss before certain costs such as stock compensation of 9 cents per share on revenue of $266.5 million, up an impressive 56% from the same period one year ago. ...
Microsoft offers up to $150K in Azure cloud credit for startup founders
Microsoft Corp. announced today that it’s willing to support startup founders with a combination of technology benefits such as free cloud computing credits and expert guidance in the form of technical support and mentorship. To access those benefits, all that’s required is to sign up to the Microsoft for Startups Founders Hub, which is open ...
Employee benefits platform Twic rebrands as Forma and raises $40M in Series B round
The life benefits platform formerly known as Twic Inc. announced today it has rebranded as “Forma” to reflect its “renewed focus” on matching employees with the benefits that matter most to them. The rebrand comes as Forma revealed it has raised $40 million in a Series B funding round led by Ribbit Capital, with participation ...