Mike Wheatley
Latest from Mike Wheatley
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 ...
Android 12L update for tablets and foldables adds a taskbar and more
Google LLC today announced it’s rolling out a new update for its Android mobile operating system that’s designed for tablets. Available now on Google’s Pixel phones as a “feature drop,” Android 12L will soon land on tablets and foldable devices from companies such as Samsung Electronics Ltd., Lenovo Group and Microsoft Corp. too. The biggest updates ...
Google reportedly bids against Microsoft to buy $5B security firm Mandiant
Mandiant Inc. apparently has a second suitor, as a report from The Information today suggests that Google LLC has made an offer to buy the threat intelligence and incident response firm. Google Cloud is said to be looking to boost its security capabilities so it can better compete with rivals such as Amazon Web Services ...
Nvidia acquires software-defined block storage firm Excelero
Nvidia Corp. said today it has officially closed on the acquisition of high-performance software-defined block storage startup Excelero Inc. Founded in 2014 before exiting stealth three years later, Excelero is the developer of NVMesh software that’s used to manage and secure virtual arrays of NVMe flash drives, making them available as block storage across public ...
Fast-growing sales intelligence startup Apollo.io raises $110M in Series C funding
Business engagement software startup Apollo.io announced a bumper $110 million new round of funding today that brings its total amount raised to date to more than $150 million. The Series C round, which comes just three months after Apollo raised $32 million in its Series B round, was led by Sequoia Capital and saw participation from ...
Elastic beats earnings expectations with revenue growth of 43%
Enterprise search technology firm Elastic N.V. delivered fiscal third-quarter financial results today that beat analysts’ expectations, sending its stock slightly higher in late trading. The company reported a net loss for the quarter of $56.7 million, yielding a loss before certain costs such as stock compensation of 12 cents per share. That was offset by ...
Broadcom and Marvell deliver earnings and revenue beats on strong chip demand
Computer chipmakers Broadcom Inc. and Marvell Technology Inc. both reported quarterly financial results today, beating expectations and offering strong guidance to send their stocks higher in after-hours trading. The biggest gain was made by Broadcom, which saw its stock rise 4% after posting net income for the first quarter of $2.47 billion, reversing a slight ...