Mike Wheatley
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ANALYSIS
Intel to acquire Israeli chipmaker Tower Semiconductor for $5.4B
Updated: Intel Corp. is making another bid to expand its chip manufacturing operations. This time around, it’s acquiring the Israeli chipmaker Tower Semiconductor Ltd. for $5.4 billion, or $53 a share, in cash. The announcement early Tuesday followed a report Monday in the Wall Street Journal on the talks, which estimated the purchase price at $6 billion. ...
Confluent posts strong results that beat expectations but its stock falls anyway
Big-data company Confluent Inc. must be wondering where it went wrong today after reporting a solid fourth-quarter earnings beat, impressive revenue growth and strong guidance for the next three months, only to see its stock fall more than 10% in extended trading. The company reported a net loss of $114.4 million, amounting to a loss ...
Zendesk rises on revenue beat after rejecting private equity takeover
Customer service and sales software provider Zendesk Inc. saw its share rise slightly in extended trading today after posting fourth-quarter results that beat expectations on revenue. The company also offered a strong outlook for the next quarter and told shareholders it had rejected a takeover bid from private equity. The company reported a net loss for ...
Datadog does it again, crushing earnings and revenue forecasts
Datadog Inc.’s stock surged more than 13% today after it reported a strong fourth-quarter earnings and revenue beat and provided an upbeat outlook. The company reported a profit of $7.16 million, or 20 cents per share, on revenue of $326.2 million, up 84% from a year ago. That was better than expected, with Wall Street analysts ...
Google Cloud doubles down on customer success with new AI practice and consulting centers
Google Cloud revealed today it’s boosting its Customer Experience organization to help its cloud infrastructure users’ chances of success. To that end, it said today it’s introducing a new Custom AI Solutions practice, new Global Delivery Centers, expanded Executive Briefing Centers and also hiring new executive leaders of its own. In a blog post, John Jester, ...
IBM offers to help customers move SAP S/4HANA workloads to its cloud
IBM Corp. said today it’s teaming up with enterprise technology giant SAP SE to help companies move mission-critical SAP workloads to its public cloud infrastructure. The company said today’s launch of a premium suppler option with IBM for RISE with SAP S/4HANA Cloud will provide both the technology and the consulting expertise needed to help ...
Rapid7 wraps up fiscal 2021 with earnings and revenue beat
Cybersecurity and compliance technology provider Rapid7 Inc. ended its fiscal 2021 year on a high after posting fourth-quarter results today that beat expectations. The company reported a loss before certain costs such as stock compensation of $8.9 million, or 16 cents per share, on revenue of $151.6 million. That was up 34% from the same ...
Twilio’s stock makes strong gains following fourth-quarter revenue beat
Application infrastructure firm Twilio Inc. beat expectations on revenue as it delivered its fourth-quarter financial results today and followed with a strong outlook for the next three months, sending its stock sky-high in extended trading. The company reported a loss before certain costs such as stock compensation of $27.2 million, or 20 cents per share, ...
Vast Data partners with Commvault to deliver high-performance data backup and restore
Storage firm Vast Data Inc. said today it’s partnering with the data protection and management provider Commvault Systems Inc. on a modern, integrated backup service for organizations worried about looming cybersecurity threats, disasters or rogue employees. The new service combines Vast Data’s all-flash Universal Storage platform with Commvault’s Complete Data Protection offering to create rapid ...
Data protection outfit Clumio reveals strong growth on AWS Cloud
Data protection startup Clumio Inc. revealed some impressive numbers today that show how it has grown its user base since switching to focus primarily on protecting Amazon Web Services Inc.’s customers. The company revealed its AWS customer base has grown by more than 400%, while its cloud-based annual recurring revenue jumped by 450% in the ...