Mike Wheatley
Latest from Mike Wheatley
With strong cloud revenue growth, Oracle easily beats earnings targets
Updated: Oracle Corp. shares rose more than 10% in extended trading today after the database giant beat second-quarter earnings forecasts, driven by solid growth in its infrastructure and applications cloud businesses. The company reported a profit before certain costs such as stock compensation of $1.21 per share, up 14% from a year ago, while revenue ...
UP9 buys API mock-up and testing software firm MockLab
Microservices testing firm UP9 Inc. said today it’s boosting its test automation capabilities with the acquisition of U.K.-based MockLab Ltd., creator of the open-source application programming interface mocking tool WireMock. UP9 sells tools for monitoring and testing cloud-native systems. The tools enable microservices developers to ensure their APIs perform reliably and securely and are production-ready. It ...
Infrastructure-as-code leader HashiCorp raises $1.2B in its initial public offering
Updated: Information technology automation firm HashiCorp Inc. raised $1.2 billion in its initial public offering today after selling its shares well above its targeted range. The company priced 15 million shares at $80 each, well above its initial range of $68 to $72 per share, a person familiar with the matter told Reuters. The IPO ...
Pure Storage targets top tier storage workloads with FlashArray//XL
Pure Storage Inc. is taking a crack at the top tier of the storage market with the launch of its latest FlashArray system, FlashArray//XL. Announced today, the new system is designed to run mission-critical enterprise applications such as containerized and cloud-native applications, plus massive databases. Pure Storage promised it delivers higher performance, more density and ...
UiPath tops earnings forecasts, but its stock falls anyway
Automation software provider UiPath Inc. posted financial results that beat expectations today, but the strong performance wasn’t enough to stop its stock sliding in after-hours trading. The company reported a third-quarter loss of $122.8 million, amounting to less than a penny per share. That was on revenue of $220.8 million during the period, up 50% ...
Cloud Hypervisor project now hosted by the Linux Foundation
The Cloud Hypervisor project today became the latest open-source software project to be welcomed into the arms of the Linux Foundation. A hypervisor, sometimes known as a virtual machine monitor, is software that’s used to create and run virtual machines, which use software on one physical computer to emulate the functionality of another, separate physical ...
Anyscale raises $100M and launches distributed, multicloud application development platform
Anyscale Inc., a distributed computing startup that’s aiming to simplify multicloud application development, said today it has closed on a $100 million funding round that brings its total amount raised to $160.6 million. The Series C round was led by Lee Fixel’s Addition and existing investor Andreessen Horowitz, and saw participation from NEA, Intel Capital ...
Observability firm PagerDuty’s stock rises on strong earnings beat and bullish guidance
Information technology operations management firm PagerDuty Inc. made strong gains in extended trading today, its stock rising more than 11% after posting third-quarter results and a revenue outlook for the current quarter that beat expectations. The company reported a loss before certain costs such as stock compensation of $24.8 million, or 7 cents per share. ...
Couchbase beats Wall Street targets with strong cloud and customer momentum
Enterprise database software firm Couchbase Inc. saw its stock fall in extended trading today after posting its third-quarter financial results, wiping out some of its strong gains in the regular session. The company reported a net loss of $15.9 million, or 29 cents per share, on total revenue of $30.8 million, up 20% from where ...
Liqid raises $100M as demand for composable data center infrastructure grows
Composable data center infrastructure startup Liqid Inc. closed on a $100 million funding round today aimed at helping it fulfill its mission of bringing cloud-like speed, flexibility and efficiency to on-premises data centers. Lightrock and affiliates of DH Capital co-led the Series C round, which also saw participation from current investors Panorama Point Partners and ...