Mike Wheatley
Latest from Mike Wheatley
Palo Alto Networks’ stock jumps on another solid earnings beat
Palo Alto Networks Inc. posted impressive revenue growth today, easily beating Wall Street’s fiscal fourth-quarter forecasts and causing its stock to surge in extended trading. The company reported a profit before certain costs such as stock compensation of $1.60 per share on revenue of $1.2 billion, up 28% from a year ago and besting revenue growth ...
Gartner highlights key trends powering the rise of emerging technologies
Research firm Gartner Inc. has identified engineering trust, accelerating growth and sculpting change as the three main trends driving organizations to explore a range of new and emerging technologies it has identified in its latest Hype Cycle. The 2021 Gartner Hype Cycle For Emerging Technologies report, released today, highlights the rise of nonfungible tokens or ...
Microsoft to hike Office 365 business subscription fees next year
Microsoft Corp. said today it’s bumping up the price of some of its commercial subscriptions for Microsoft 365 and Office 365 bundles, which include popular productivity apps such as Word and Excel. The price hikes were announced by Microsoft 365 Corporate Vice President Jared Spataro, who said they’re “the first substantive pricing update” since the ...
Adobe buys collaborative video editing software firm Frame.io for $1.275B
Adobe Inc. wants to help video creators be more creative after acquiring video review and collaboration platform provider Frame.io Inc., for a reported $1.275 billion in cash. Frame.io, whose acquisition was announced today, will add more capabilities to Adobe’s Creative Cloud, which accounts for the bulk of the company’s revenue. Founded in 2014 by post-production specialist ...
GlobalFoundries files for IPO, dashing hopes of Intel acquisition
The chipmaker GlobalFoundries Inc. has reportedly filed its plans for an initial public offering, delivering a blow to Intel Corp.’s hopes of acquiring the company. Reports emerged in July that Intel was in discussions to acquire GlobalFoundries for as much as $30 billion, in order to accelerate new Chief Executive Officer Pat Gelsinger’s plans to ...
Nvidia delivers another earnings beat on massive growth in gaming
Nvidia Corp. extended its hot streak with its second-quarter financial results today, easily beating expectations thanks to strong gains in gaming, data center and professional visualization. The company reported a profit before certain costs such as stock compensation of $1.04 per share on revenue of $6.51 billion, up an impressive 68% from the same period one ...
Cisco battles supply challenges and beats earnings expectations
Cisco Systems Inc. delivered strong fourth-quarter results today, reporting double-digit order growth across all geographies and customer markets, but its stock fell slightly in extended trading as guidance was lower than expected. The company reported a profit before certain costs such as stock compensation of 84 cents per share on revenue of $13.1 billion, up 8% ...
Celona and NTT team up on private 5G network connectivity for enterprises
Private mobile network operator Celona Inc. is partnering with Nippon Telegraph and Telephone Corp. on a new 5G local area network offering for enterprises. Celona said today that NTT is leveraging its private 5G network technology as the basis of its new P5G wireless offering that aims to provide cloud-native network connectivity for major enterprises. ...
ServiceNow and Citrix partner to automate IT ticket resolution
ServiceNow Inc. and Citrix Systems Inc. said today they’re teaming up to help make life easier for information technology help desk teams. They’ve come up with what they say is a virtual agent integration that can help to automate the resolution of virtual application and virtual desktop “resets” in a matter of minutes. With the emergence of ...
Qualcomm unveils its next-generation 5G AI drone platform
Qualcomm Technologies Inc. has unveiled a new reference design for drones that integrates 5G and artificial intelligence. The chipmaker said today it’s aiming to replicate the success of the experimental Ingenuity Helicopter that recently visited Mars, right here on Earth. Ingenuity was actually a test run for the new Qualcomm Flight RB5 5G Platform as it ...