Mike Wheatley
Latest from Mike Wheatley
Oracle Corp. has massively expanded the number of “Always Free” services it offers to developers, as part of an effort to encourage more people to try out its Oracle Cloud Infrastructure platform. Oracle Cloud Infrastructure is the company’s main infrastructure-as-a-service offering that …
ID verification startup Trulioo raises $394M in late-stage funding
Identity verification provider Trulioo Inc. is feeling a lot richer today after securing $394 million in a late-stage round of funding. TCV led the Series D round, with participation from existing investors Amex Ventures, Citi Ventures, Blumberg Capital and Mouro Capital. Vancouver-based …
PagerDuty beats Street with strong revenue growth but its stock falls on lower guidance
Incident response platform company PagerDuty Inc. suffered an after-hours beating today as its stock fell despite some encouraging financial results. The company reported a fiscal first-quarter loss before certain costs such as stock compensation of eight cents per share on revenue of …
MongoDB kicks off fiscal 2022 with a solid earnings beat on strong cloud sales
Open-source database company MongoDB Inc. showed strong growth again as it posted financial results today that beat expectations on both earnings and revenue, sending its stock higher after-hours. The company reported a fiscal first-quarter loss before certain costs such as stock compensation …
Broadcom beats earnings expectations as chip revenue grows 20%
Semiconductor firm Broadcom Inc. reported higher-than-expected revenue today thanks to huge demand for its computer chips. It offered a bullish forecast too, saying demand from cloud infrastructure companies and service providers shows no sign of slowing down. The company reported a second-quarter profit …
Revenue intelligence startup Gong raises $250M in late-stage funding
Sales revenue intelligence company Gong.io Inc. has raised $250 million in a new round of funding that brings its total amount raised to date to $584 million. Franklin Templeton led the Series E round, with participation from Coatue, Salesforce Ventures, Sequoia, Thrive …
Elastic’s stock rises sharply on strong quarterly revenue beat
Netherlands-based enterprise search company Elastic NV’s stock jumped in after-hours trading today thanks to strong performances from its emerging observability and security businesses in its fiscal fourth quarter. The company reported a loss before certain costs such as stock compensation of 8 …
Splunk’s stock sinks on bigger-than-expected quarterly loss
Splunk Inc. reported a bigger-than-expected loss in its fiscal first-quarter financial results today that, coupled with a revenue outlook that was below consensus, sent the big-data company’s stock down more than 3% in after-hours trading. The company reported a loss of 91 …
Strong progress in cloud helps NetApp beat earnings forecast
Data storage pioneer NetApp Inc. posted strong fiscal fourth-quarter financial results today, beating analysts’ expectations thanks to sustained growth in its public cloud services offerings. The company reported a profit before certain costs such as stock compensation of $1.17 per share on …
Facebook is moving all of its AI models to the open-source PyTorch framework
Facebook Inc. today revealed that it’s going all-in on PyTorch as its default artificial intelligence framework. The company said that by migrating all of its AI systems to PyTorch, it will be able to innovate much more quickly while ensuring a more …