Mike Wheatley
Latest from Mike Wheatley
Coupa Software tops earnings forecast but its stock falls on light guidance
Payments software company Coupa Software Inc. topped Wall Street’s expectations in its fiscal second-quarter results today, but its stock fell after it posted disappointing guidance for the next quarter. Coupa sells payment management software covers procurement, invoicing, sourcing and business expenses. Its software sits alongside enterprise resource planning software in the larger financial information technology ...
Slack’s stock plunges as it struggles to boost revenue growth
Slack Technologies Inc. beat expectations today with its fiscal second-quarter results, but its stock lost almost 20% of its value in after-hours trading as revenue growth failed to impress Wall Street. The company reported breakeven earnings before certain costs such as stock compensation on revenue of $215.9 million, up 49% from a year ago. That ...
Snowflake sets IPO price range, gets backing from Berkshire Hathaway and Salesforce
Cloud data warehouse company Snowflake Computing Inc.’s plans to list on the public stock market at a valuation of as much as $24 billion just got a big vote of confidence: Both Berkshire Hathaway Inc. and Salesforce.com Inc. agreed to purchase $250 million of the company’s stock at its IPO price in a concurrent private ...
Segment debuts its cloud data lake for customer data
Customer data management platform provider Segment Inc. today announced it’s launching a new data lake product that it says will enable businesses to do more with their customer data. Segment sells a namesake customer data platform that companies can use to collect all the data about their own customer interactions and from there send that ...
Google expands Confidential Computing to Kubernetes workloads
Google LLC said today during its Cloud Next OnAir event wrapping up this week that it’s expanding its new Confidential Computing portfolio with the launch of a new service. Confidential GKE Nodes adds more privacy to workloads running on Kubernetes. Google launched the first product in its Confidential Computing portfolio, called Confidential VMs, in July, and said ...
Report: US threatens to sanction Chinese chipmaker SMIC
The U.S. Department of Defense is reportedly considering banning exports to China’s largest computer chip maker, Semiconductor Manufacturing International Corp., in the latest escalation of an ongoing trade war between the two countries. SMIC’s shares fell almost 23% in Hong Kong on Monday, wiping about 31 billion Hong Kong dollars ($4 billion) off of its ...
Cisco and ServiceNow collaborate on workplace contact tracing
Cisco Systems Inc. and ServiceNow Inc. are working together to help customers looking to get back to work improve their contact tracing efforts. The plan is to integrate Cisco’s indoor location services platform, called DNA Spaces, with ServiceNow’s Safe Workplace Suite, which includes a new contact tracing application. Contact tracing is seen as one of ...
DocuSign’s revenue jumps 45% as COVID-19 boosts demand for services, but stock dives
E-signature company DocuSign Inc. posted its fiscal second-quarter results today, easily beating Wall Street’s expectations, but the strong performance wasn’t enough to prevent its stock diving in after-hours trading. The company is one of several tech firms to have seen demand for its services rise thanks to the coronavirus outbreak, though a broad market selloff ...
Zuora’s stock falls 20% on weak earnings guidance
Cloud subscription management services company Zuora Inc.’s stock lost almost a fifth of its value in after-hours trading after a weak earnings forecast today despite posting fiscal second-quarter results that beat expectations. The company, which sells a software-as-a-service offering that’s used to automate businesses’ subscription order-to-cash operations in real-time, reported it broke even on revenue of ...
Cloudera beats expectations as it taps into hybrid, multicloud markets
Big-data company Cloudera Inc. posted fiscal second-quarter results today that beat Wall Street’s expectations, but the strong performance wasn’t enough to prevent its stock falling slightly in after-hours trading. The company, which sells data engineering, data warehousing, machine learning and analytics software to enterprises, reported a profit before certain costs such as stock compensation of 10 ...