Mike Wheatley
Latest from Mike Wheatley
Zoom hits $1B in quarterly revenue but growth slows and stock falls
Zoom Video Communications Inc. learned what it feels like to be scorned by investors today as its stock fell more than 12% in extended trading despite beating expectations for its second-quarter financial results. The company reported a profit before certain costs such as stock compensation of $1.36 per share on revenue of $1.021 billion, marking ...
Marvell delivers record revenue as data center chip sales boom
Marvell Technology Inc. benefited from the worldwide shortage of computer chips, delivering second-quarter financial results today that beat Wall Street’s estimates and offering strong guidance for the next quarter. The Santa Clara, Calif.-based chipmaker reported a profit of $284 million, or 34 cents per share, up from 21 cents a share a year ago, on revenue of ...
Workday’s stock jumps on unexpected earnings beat
Enterprise software firm Workday Inc. gave investors plenty to cheer about today, reporting better-than-expected second-quarter results and raising its fiscal 2022 subscription revenue guidance, sending its stock up 4% in after-hours trading. The company reported a profit before certain costs such as stock compensation of $1.23 per share on revenue of $1.26 billion, up 19% from ...
Dell delivers record second-quarter results on strong commercial PC sales growth
Strong personal computer sales growth helped Dell Technologies Inc. to deliver a record second-quarter performance, the company said today. Dell reported a profit before certain costs such as stock compensation of $2.24 per share on revenue of $26.12 billion, up 15% from a year ago. That was way better than expected, with Wall Street modeling a ...
Iterate.ai’s Signals platform lets businesses assess viability of new technologies
Iterate Studio Inc., best known for its low-code software development tools, today is getting into tech discovery to help companies find new platforms that can help them achieve their business goals. Iterate.ai’s Signals platform tracks and auto-analyzes more than 10 million emerging technologies in real time. It can be thought of as a kind of ...
Splunk’s cloud shift quickens pace as earnings beat expectations
Data analytics firm Splunk Inc. beat expectations on earnings and revenue today and its outlook for the next quarter was just above consensus, sending its stock up almost 2% in extended trading. The company reported a second-quarter loss before certain costs such as stock compensation of 62 cents per share on revenue of $606 million, ...
Strong cloud services growth helps Pure Storage and NetApp beat expectations
Data storage rivals Pure Storage Inc. and NetApp Inc. reported financial results that beat expectations, sending their stocks higher in after-hours trading today. The star of the show was Pure Storage, which reported a second-quarter loss before certain costs such as stock compensation of 16 cents per share on revenue of $496.8 million, up 23% ...
Snowflake’s stock gains after-hours despite mixed earnings report
Snowflake Inc.’s stock gained in extended trading today as it raised its full-year product revenue outlook following a mixed second-quarter earnings report. The company reported a loss before certain costs such as stock compensation of 64 cents per share on revenue of $272.2 million, up 103% from a year ago, which shows its business is ...
Quantum Brilliance gets $9.7M seed funding to accelerate quantum accelerators
Quantum Brilliance GmbH, an Australian-German startup that’s aiming to transforming quantum computing using synthetic diamond accelerators, has just closed on a $9.7 million seed funding round. Main Sequence Ventures and QxBranch Inc.’s founders’ investment consortium co-led today’s round, which also saw participation from CP Ventures, Investible, Jelix Ventures, MA Financial Group Venture Fund, R3I Ventures ...
Nvidia-powered Polaris supercomputer to usher in a new era of ‘exascale’ AI
Nvidia Corp. is helping the U.S. Department of Energy’s Argonne National Laboratory build another incredibly powerful supercomputer, it announced today. The Polaris supercomputer (pictured) is said to be the DOE’s largest graphics processing unit-based machine so far. It’ll be hosted at the Argonne Leadership Computing Facility, where it will aid research and discovery with extreme ...