Mike Wheatley
Latest from Mike Wheatley
Apple Inc. missed Wall Street’s expectations for the first time in years today as it lost out on more than $6 billion in expected revenue because of supply chain constraints. The iPhone maker missed its revenue targets as iPhone sales came up …
High-performance database startup Yugabyte raises $188M in new funding round
Database startup Yugabyte Inc. has loaded up its kitty, closing on a hefty $188 million round of funding today that brings its total amount raised to $291 million and its value to more than $1.3 billion. Sapphire Ventures led the Series C …
Lucid’s latest product Lucidscale helps companies visualize sprawling cloud environments
Visual collaboration software company Lucid Software Inc. today announced a new tool today called Lucidscale, a cloud visualization product that enterprises can use to see, understand and optimize their often enormously complex cloud computing environments. In an age when most large organizations operate …
Samsung posts record quarterly revenue and profit on soaring memory chip demand
As expected, Samsung Electronics Co. Ltd. posted record-breaking third-quarter revenue and profit today thanks to rising prices of semiconductors and memory chips used in computers and mobile devices. The company reported revenue of 73.98 trillion won ($63 billion) for the quarter, up …
Twilio’s stock plunges on lower earnings forecast despite solid beat
Twilio Inc. saw its stock collapse in after-hours trading today after its earnings forecast for the final quarter of the year came in below expectations. The company actually put in a decent shift in its third quarter, reporting a surprise profit before …
ServiceNow’s earnings growth isn’t enough to prevent after-hours stock selloff
Cloud automation software company ServiceNow Inc. saw its stock slide in extended trading today despite posting solid third-quarter financial results that topped analysts’ expectations. The company reported a profit before certain costs such as stock compensation of $1.55 per share on revenue of …
Abacus.AI gets $50M in funding and dives into computer vision and hybrid AI models
Machine learning operations startup Abacus.AI Inc. is in the news today after raising $50 million in a new round of funding and launching platform updates that include support for hybrid deep learning models and a new computer vision-as-a-service offering. The Series C …
Network automation provider Gluware gets $43M in growth funding
Network automation firm Gluware Inc. has filled up its war chest, securing $43 million in growth funding today led by Bain Capital, with participation from Acadia Woods Partners and existing investors. Gluware has created what it calls an “intelligent network automation” platform that …
Juniper Networks reports earnings results in line with expectations and its stock rises
Juniper Networks Inc. made surprising gains today, its stock up almost 5% in extended trading despite reporting third-quarter financial results only in line with analysts’ expectations. The company reported a profit before certain costs such as stock compensation of 46 cents per share …
AMD beats earnings expectations on strong data center chip sales
Computer chipmaker Advanced Micro Devices Inc. delivered another strong quarter with earnings and revenue topping expectations today, plus a forecast that came in above expectations too and a higher full-year revenue outlook. The company reported a third-quarter profit before certain costs such as stock …