Mike Wheatley
Latest from Mike Wheatley
Samsung reports 70% profit jump as memory chip prices increase
Samsung Electronics Ltd. delivered on its promise of a strong second quarter today, announcing that its profit grew by more than 70% thanks to stronger prices for its memory chip products. The company reported an operating profit of 12.6 trillion won ($10.95 billion), up 54% from a year ago. That was slightly more than the ...
Qualcomm’s revenue pops as 5G chip sales accelerate
Smartphone chipmaker Qualcomm Inc. delivered a strong earnings beat today in its first financial report under new Chief Executive Cristiano Amon, and added offered strong guidance for the next period, sending its stock higher in extended trading. The company reported a third-quarter profit before certain costs such as stock compensation of $1.92 per share on revenue ...
Remote monitoring & management startup Atera raises $77M
Atera Networks Ltd., an Israeli startup facilitating work from home through its remote monitoring and management tools, is raising yet more money in a new $77 million funding round. Today’s Series B funding comes less than six months after the company picked up $25 million in its Series A round. General Atlantic led the Series ...
Juniper’s stock stumbles after-hours as company warns of supply constraints
Investors bailed out on Juniper Networks Inc. today after the company warned that it may struggle to protect its profit margins in the coming quarter amid problems stemming from the global semiconductor shortage. The networking firm actually delivered strong second-quarter results. It reported a profit before certain costs such as stock compensation of 43 cents per ...
An EPYC quarter: AMD beats earnings expectations as it grabs market share
Advanced Micro Devices Inc.’s strong run continued as it beat expectations again with its second-quarter financial results today. The company also guided higher for the current quarter and upped its full-year guidance as well in a sign that it’s gaining more market share from its rivals. The chipmaker reported a profit before certain costs such as ...
Apple crushes earnings expectations as iPhone sales soar 50%
Apple Inc. delivered third-quarter financial results that crushed Wall Street’s expectations today, with iPhone sales up almost 50% compared to the year prior, but its stock fell in extended trading as it warned growth would likely slow in the next quarter. The company reported a profit before certain costs such as stock compensation of $1.30 per ...
ASAPP’s CLIP dataset helps train AI to read clinical notes more efficiently
Artificial intelligence startup ASAPP Inc. has created what it says is a more targeted way of training AI models that can help improve outpatient care. ASAPP, which sells AI-powered customer care and sales platforms for healthcare organizations, said today that one of the biggest headaches for primary care physicians is dealing with outpatient care. The ...
Replicated raises $50M for its on-premises software delivery tools
On-premises software delivery company Replicated Inc. is much richer today after grabbing $50 million in a new round of funding. The Series C round was led by Owl Rock, a division of Blue Owl Capital. New investors Lead Edge Capital and Headline, and existing investors Two Sigma Ventures, Amplify Partners, BoldStart, Ridgeline and Heavybit also ...
Google announces more powerful search capabilities for online retailers
Google LLC is bringing the power of its iconic search engine to online retailers. The company today announced the general availability of Google Cloud Retail Search, which is a new managed service that gives retailers their own version of the Google Search engine that’s customized for their digital properties. Google said the idea is to ...
DevOps startup Shoreline wants to automate incident response for IT teams
Startup Shoreline Inc. is exiting stealth mode today with the launch of a new incident automation platform that it says will help ease the burden on site reliability engineers and improve application and service availability. Shoreline founder and Chief Executive Anurag Gupta is a former database and analytics services engineer at Amazon Web Services Inc., ...