Mike Wheatley
Latest from Mike Wheatley
MongoDB kicks off fiscal 2022 with a solid earnings beat on strong cloud sales
Open-source database company MongoDB Inc. showed strong growth again as it posted financial results today that beat expectations on both earnings and revenue, sending its stock higher after-hours. The company reported a fiscal first-quarter loss before certain costs such as stock compensation of 25 cents per share. Sales for the period rose 39% from a ...
Broadcom beats earnings expectations as chip revenue grows 20%
Semiconductor firm Broadcom Inc. reported higher-than-expected revenue today thanks to huge demand for its computer chips. It offered a bullish forecast too, saying demand from cloud infrastructure companies and service providers shows no sign of slowing down. The company reported a second-quarter profit before certain costs such as stock compensation of $6.62 per share. Overall revenue ...
Revenue intelligence startup Gong raises $250M in late-stage funding
Sales revenue intelligence company Gong.io Inc. has raised $250 million in a new round of funding that brings its total amount raised to date to $584 million. Franklin Templeton led the Series E round, with participation from Coatue, Salesforce Ventures, Sequoia, Thrive Capital and Tiger Global, Gong said today. Gong is attracting big money for ...
Elastic’s stock rises sharply on strong quarterly revenue beat
Netherlands-based enterprise search company Elastic NV’s stock jumped in after-hours trading today thanks to strong performances from its emerging observability and security businesses in its fiscal fourth quarter. The company reported a loss before certain costs such as stock compensation of 8 cents per share, lower than both its own projected range of a loss ...
Splunk’s stock sinks on bigger-than-expected quarterly loss
Splunk Inc. reported a bigger-than-expected loss in its fiscal first-quarter financial results today that, coupled with a revenue outlook that was below consensus, sent the big-data company’s stock down more than 3% in after-hours trading. The company reported a loss of 91 cents per share on revenue of $502 million, up 16% from a year ...
Strong progress in cloud helps NetApp beat earnings forecast
Data storage pioneer NetApp Inc. posted strong fiscal fourth-quarter financial results today, beating analysts’ expectations thanks to sustained growth in its public cloud services offerings. The company reported a profit before certain costs such as stock compensation of $1.17 per share on revenue of $1.56 billion for the quarter, up from $1.4 billion in sales ...
Facebook is moving all of its AI models to the open-source PyTorch framework
Facebook Inc. today revealed that it’s going all-in on PyTorch as its default artificial intelligence framework. The company said that by migrating all of its AI systems to PyTorch, it will be able to innovate much more quickly while ensuring a more optimal experience for all of its users. PyTorch is an open-source machine learning ...
Nasuni wants companies to migrate Windows File Servers to Google Cloud
Cloud file storage company Nasuni Corp. is stepping up its tight integration with Google Cloud today with a new migration service that it says will help companies to eliminate the headaches of managing on-premises Windows File Servers. The company has just announced Nasuni Files for Google Cloud Platform, which combines Google Cloud’s object storage services ...
Cisco’s Unified Computing System goes hybrid at Future Cloud event
Cisco Systems Inc. is expanding up its hybrid cloud program with a host of new technologies announced at its Future Cloud virtual event today. Today’s announcements are the result of a multibillion-dollar investment aimed at building more cloud capabilities into every aspect of Cisco’s networking tools, with a focus on delivering “Continuity, Insights, Security, Connectivity ...
Amazon goes after Google Maps with the official launch of Amazon Location Service
Amazon Web Services Inc. announced the general availability of a new service today that developers can use to add location-based capabilities such as package tracking to applications. Amazon Location Service provides a simple and cost-effective way to add location functionality to all manner of apps without compromising on data security or user privacy, Amazon said. The service uses ...
