Mike Wheatley
Latest from Mike Wheatley
Okta beats earnings expectations as work-from-home trends accelerate
Cloud identity management company Okta Inc. beat earnings expectations in its second-quarter financial results today, but the strong performance wasn’t enough to prevent its stock falling more than 4% in after-hours trading. The company reported a profit before certain costs such as stock compensation of 7 cents per share on revenue of $200.4 million, up 43% ...
In surprise moves, Nutanix CEO Dheeraj Pandey to step down as Bain Capital steps up
Data center software and services company Nutanix Inc. caused a bit of a stir today, announcing that Chief Executive Dheeraj Pandey will retire. Pandey (pictured), who co-founded the company 11 years ago, said he will stay on until a successor has been found. The company also announced that private equity firm Bain Capital will become ...
Dell enjoys solid earnings beat thanks to remote-work demand surge
Dell Technologies Inc. delivered a strong second quarter today, reporting financial results that topped expectations thanks to the growth of remote work and demand for educational devices. The company, which sells personal computers and data center infrastructure, reported a profit before certain costs such as stock compensation of $1.92 per share on revenue of $22.7 billion, ...
NetApp’s stock jumps 10% as it tops earnings expectations
Data storage hardware and services provider NetApp Inc. posted better-than-expected fiscal first-quarter results today, a day after it was reported to have laid off 5% of its workforce. The company, which sells data center storage hardware and software for managing cloud infrastructure, reported a profits before certain costs such as stock compensation of 35 cents per ...
Big-data company Splunk stumbles, missing quarterly revenue target
Big-data analytics firm Splunk Inc. fell short of Wall Street’s expectations on its second-quarter financial results announced today. The company, which sells software to help enterprises search, correlate, analyze, monitor and report on data in real time, reported a loss before certain costs such as stock compensation of 33 cents per share on revenue of ...
Box delivers solid earnings by growing existing customer accounts
Shares in Box Inc. rose almost 9% in after-hours trading today after the company reported better-than-expected second-quarter financial results. The cloud storage and file management company reported a profit before certain costs such as stock compensation of 18 cents per share on revenue of $192.3 million, up 11% from a year ago. Wall Street had forecast earnings of just 12 ...
Rancher Labs’ K3s becomes the latest CNCF sandbox project
Container management software company Rancher Labs Inc. said today that its lightweight Kubernetes distribution K3s has been accepted as a sandbox project by the Cloud Native Computing Foundation. Rancher Labs, which was recently acquired by SUSE Group, launched K3s last year in order to meet the growing demand enterprises have for smaller clusters of software containers ...
Kong’s API management platform adds hybrid deployment options
Application programming interface management company Kong Inc. said today it’s updating its flagship Kong Enterprise platform, adding new multicloud and multiregion deployment options,. It’s also offering new native service mesh support that it says will help its customers to streamline their information technology infrastructure and reduce overhead. Kong Enterprise is an API management platform that ...
Pure Storage beats earnings forecast but its stock dives
Pure Storage Inc. saw its stock crash today despite beating expectations with its second-quarter results. The data storage company reported a profit before certain costs of 6 cents per share on revenue of $403.7 million, up 2% from a year ago. That was better than expected, with Wall Street having forecast a loss of 3 cents per ...
Update: Salesforce lays off 1,000 despite stock jump on strong performance and outlook
Updated: Salesforce.com Inc. shares jumped almost 12% in after-hours trading today after the company easily beat its second-quarter earnings targets and raised its fiscal 2021 revenue outlook. The company, which is best known for its customer relationship management and service clouds, reported a profit before certain costs such as stock compensation of $1.44 per share on revenue ...