Mike Wheatley
Latest from Mike Wheatley
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 ...
GitLab posts strong results in its first-ever earnings call, but its stock slides anyway
Shares in DevOps platform provider GitLab Inc. pulled back in extended trading today following its first-ever results as a publicly traded company. GitLab didn’t do too badly, reporting a third-quarter loss before certain costs such as stock compensation of $32.5 million, or 34 cents per share. Its revenue came to $66.8 million, up 58% from ...
Payments software provider Coupa delivers strong earnings but its stock slides
Payments software firm Coupa Software Inc. took a beating in extended trading today even though it delivered a strong third-quarter financial report. The company reported a net loss of $91.2 million, though its earnings before certain costs such as stock compensation came to 31 cents per share. Revenue for the period grew by 40%, reaching ...
Sumo Logic delivers strong earning results, beating market estimates
Cloud data analytics firm Sumo Logic Inc. beat market expectations for its third-quarter financial results, boosted by growing adoption of its Continuous Intelligence tools. The company reported a loss before certain costs such as stock compensation of $13.3 million, or 12 cents per share. Revenue for the period rose 20% from a year ago, to ...
Despite earnings beat, weak guidance sends DocuSign stock into freefall
Investors dumped on DocuSign Inc. today after it offered guidance for the final quarter of the year that fell short of expectations. A sharp selloff in extended trading saw its stock lose almost 30% of its value. Update: On Friday, shares were falling more than 39%. The company actually did well in the quarter just gone. ...
Marvell’s stock jumps on rapid data center chip sales growth
Computer chipmaker Marvell Technology Inc. delivered strong third-quarter earnings results today as it continues to benefit from the seemingly never-ending global shortage of semiconductors. Not only did it easily beat expectations, but it also offered strong guidance for the fourth quarter that sent its stock surging in extended trading. The company reported a profit before ...
FTC files lawsuit to block Nvidia’s $40B purchase of Arm
Nvidia Corp.’s proposed acquisition of the British computer chip designer Arm Ltd. ran into a massive hurdle today, as the U.S. Federal Trade Commission filed a lawsuit aimed at preventing the deal from closing. The FTC is suing Nvidia to block its planned $40 billion purchase of Arm from SoftBank Group Corp. on antitrust grounds. ...
AWS partners with Pfizer and Rivian on drug discovery and electric vehicles
Amazon Web Services Inc.’s customer acquisition spree continued apace today with the cloud computing giant announcing new arrangements with the pharmaceutical and biotech firm Pfizer Inc. and the electric vehicle manufacturer Rivian Automotive LLC. The partnership with Pfizer is perhaps the most interesting, as the drug giant said it’s planning to stretch the capabilities of ...
AWS enables fast, private and direct site-to-site connectivity
Customers can now connect their internal data centers and branch offices directly to Amazon Web Services through AWS Direct Connect SiteLink, a new capability within AWS Direct Connect. Announced at Amazon Web Services Inc.’s re:Invent event today, AWS Direct Connect SiteLink provides a way for AWS customers to create connections between their on-premises networks through ...
Splunk beats Wall Street’s targets but soft guidance means its stock stays flat
Big data company Splunk Inc. reported strong earnings results today with its third-quarter profit and revenue topping Wall Street’s expectations, although it was forced to cut its outlook for the rest of the fiscal year. Splunk delivered a loss before certain costs such as stock compensation of 37 cents per share on revenue of $664.75 ...