Mike Wheatley
Latest from Mike Wheatley
Alteryx’s stock rises on strong fourth-quarter financial results
Alteryx Inc., the big data analytics software firm, reported strong fourth-quarter financial results today that beat expectations. It offered an outlook for revenue that was higher than expected too, sending its stock up more than 6% in after-hours trading. The company reported a net loss of $37.5 million. Earnings, before certain costs such as stock ...
Akamai pays $900M to acquire AWS cloud infrastructure rival Linode
Content delivery network services provider Akamai Technologies Inc. announced today it has agreed to acquire the infrastructure-as-a-service platform provider Linode LLC for about $900 million. The acquisition of the Amazon Web Services Inc. rival will help Akamai transform itself into the “world’s most distributed compute platform,” the company said. News of the acquisition came as ...
Nutanix Cloud Platform aims to deliver a more consistent cloud operating model for enterprises
Data center infrastructure firm Nutanix Inc. said today it’s making a simplified version of its product portfolio available with the launch of Nutanix Cloud Platform into global general availability. Nutanix is best known for its software-defined hyperconverged infrastructure or HCI stack that integrates compute, storage and networking components into a single appliance or cloud service. ...
Shares of cloud networking firm Arista Networks rise on earnings and revenue beat
Cloud networking company Arista Networks Inc. is on the rise, its stock up more than 8% in after-hours trading after posting fourth-quarter financial results that beat expectations and issuing strong guidance. The company reported a net income of $239.2 million, with earnings before certain costs such as stock compensation coming to 82 cents per share. ...
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 ...