Mike Wheatley
Latest from Mike Wheatley
Chipmaker Xilinx beats earnings estimates but its stock falls
Computer chipmaker Xilinx Inc. today topped expectations on earnings and revenue as it delivered its fiscal first-quarter results. The company, which makes chips for the aerospace and defense industries as well as for servers and consumer products, reported a profit before certain costs such as stock compensation of 65 cents per share on revenue of $727 million ...
Despite pandemic store closures, Apple delivers record profit and revenue
Apple Inc. set new records today as it posted third-quarter results that easily beat market estimates thanks to double-digit growth in both its products and its services. The iPhone maker also said it’s going to give its investors three additional shares of the company per share already owned in a four-for-one stock split designed to ...
Samsung profits grow 23% on strong memory chip demand
Samsung Electronics Co. Ltd.’s stock rose slightly today after the Korean electronics giant said it expects to see growing demand for mobile devices and consumer electronics in the second half of the year. However, it warned that its business still faces risks from the coronavirus pandemic and increased competition. The company said its operating profit ...
Apple faces new probe over iPhone performance throttling claims
Apple Inc. is facing another multistate probe into its practice of throttling older iPhones, this time led by Arizona Attorney General Mark Brnovich. The probe, which could also involve Texas, began in October 2018 and is trying to determine if Apple’s deliberate slowing down of older iPhones was in violation of deceptive trade practice laws, ...
Qualcomm shares surge after it announces new licensing deal with Huawei
Smartphone chipmaker Qualcomm Inc.’s shares rose by double digits in after-hours trading today after it reported better-than-expected third-quarter results and said it has resolved a long-running dispute with Huawei Technologies Co. Ltd. It also agreed to a new long-term licensing agreement with the Chinese firm that should bring in about $1.8 billion in revenue in the ...
Nvidia sets 16 new performance records in latest MLPerf AI benchmarks
Nvidia Corp. said today the latest MLPerf benchmark test results prove that its latest platforms deliver the world’s fastest artificial intelligence training performance among all commercially available systems. Nvidia’s new A100 graphics processing unit and its DGX SuperPOD system (pictured), which is a massive cluster of A100 GPUs connected with its HDR InfiniBand technology, both ...
Google Cloud announces three new marquee customers
Google LLC announced a hat trick of customer wins today that showcases the growing strength of its public cloud computing services. The new customers include Indian information technology services giant Wipro Ltd., which said today it’s planning to upgrade its core enterprise resource planning system to SAP SE’s S/4HANA and migrate those workloads to Google Cloud. Wipro said ...
AMD earnings shine as Epyc and Ryzen chip revenue doubles
Advanced Micro Devices Inc. is flying high today, its stock up more than 10% in after-hours trading after the veteran chipmaker reported second-quarter results that comfortably beat expectations and posted strong guidance for the next quarter. The chipmaker reported a profit before certain costs such as stock compensation of 18 cents per share on revenue of ...
Cisco Cloud Security modernizes data analytics with Matillion ETL for Snowflake
Cloud data integration company Matillion Ltd. today announced a big customer win: Cisco Systems Inc.’s cloud security business. U.K.-based Matillion offers extract/transform/load services for cloud data warehouses such as Snowflake, Amazon Redshift, Microsoft Azure Synapse and Google BigQuery. ETL refers to the three steps — extract, transform and load — that are used to prepare ...
Data discovery startup Explorium raises $31M in Series B funding
Israeli data science outfit Explorium Ltd. said today it has closed on a $31 million funding round led by Zeev Ventures and 01 Advisors. Sir Ronald Cohen’s Dynamic Loop also participated in the Series B round along with seed investors Emerge and F2 Capital, bringing Explorium’s total funding to date to $50 million. Explorium emerged ...