Mike Wheatley
Latest from Mike Wheatley
Oracle falls short of revenue targets but cloud growth stays strong
Database giant Oracle Corp. saw strong growth in its emerging cloud platform and infrastructure businesses, but not quite strong enough as the company missed its revenue targets today, sending its stock down 2% in after-hours trading. The company reported a fiscal first-quarter profit before certain costs such as stock compensation of $1.03 per share on revenue ...
Facebook’s Superpack data compression technique reduces Android app size by 20%
Facebook Inc.’s software team has spent the last two years working on a way to compress application code with a view to keeping app sizes more manageable, ultimately coming up with a new technique called Superpack. In a lengthy post on the Facebook Engineering blog today, Facebook software engineer Sapan Bhatia talks about the unique ...
Cloud directory service JumpCloud raises $159M in late-stage round at $2.56B valuation
Cloud directory-as-a-service provider JumpCloud Inc. is getting some serious traction, announcing a $159 million late-stage round of funding today that follows a $100 million raise in January. The Series F round was led by Sapphire Ventures and saw participation from Owl Rock, Whale Rock Capital, Sands Capital, and Endeavor Catalyst. Existing investors General Atlantic, BlackRock, ...
Epic Games appeals verdict in Apple antitrust case
Epic Games Inc. is not satisfied with the partial victory it won in its antitrust lawsuit against Apple Inc. and is calling on a higher court to reexamine the ruling. On Sunday, the company filed a notice of appeal: “Notice is hereby given that Epic Games, Inc…. appeals to the United States Court of Appeals ...
Google’s X moonshot factory is helping Chile with its ambitious clean energy push
Alphabet Inc.’s X Development LLC, formerly known as Google X and now simply “X,” is working with the Coordinador Eléctrico Nacional in Chile to virtualize that country’s electrical transmission grid and develop new grid planning tools. The collaboration is meant to support the Chilean government’s ambitious goal of completely phasing out the use of coal ...
Cloud analytics firm Sumo Logic delivers earnings beat
Cloud analytics software provider Sumo Logic Inc. just managed to beat expectations for its fiscal second-quarter results today, but the market was less than impressed as its stock fell sharply in after-hours trading. The company reported a loss before certain costs such as stock compensation of 11 cents per share. Revenue came to $58.8 million, ...
Box CEO Aaron Levie defeats Starboard’s bid to oust him
Activist investor Starboard Value LP has failed in its bid to oust Box Inc. co-founder and Chief Executive Aaron Levie and two other directors from the company’s 10-person board. The three directors easily beat Starboard’s candidates in a shareholder vote that followed months of posturing by both sides, the company announced today at its annual ...
Dell doubles down on ransomware protection with new software and services
Dell Technologies Inc. is stepping up to the challenge of helping organizations protect themselves against the rising threat of ransomware. It announced the launch of new software and services today that help accelerate virtual machine backup data availability, simplify the management of large data sets and ensure business continuity during cybersecurity recovery operations. Ransomware, the ...
Amazon EKS Anywhere launches into general availability
Amazon Web Services Inc. today announced that its Amazon EKS Anywhere service is generally available now. The service is an extension of the Amazon Elastic Kubernetes Service, which is a managed offering that makes it possible to run Kubernetes on AWS without needing to install, operate and maintain a Kubernetes control plane or nodes. With ...
Couchbase misses targets in its first-ever earnings report and its stock crumbles
Database software maker Couchbase Inc. saw its stock crumble away in after-hours trading after reporting a bigger-than-expected loss in its first earnings call since listing on the Nasdaq exchange in June. The company reported a fiscal second-quarter loss before certain costs such as stock compensation of $1.54 per share on revenue of $29.7 million, up ...