Mike Wheatley
Latest from Mike Wheatley
Diamanti embraces commodity hardware with container software update
Hyperconverged infrastructure provider Diamanti Inc. said today that it has completed its transition to a software-focused company with the release of Diamanti Spektra 3.0, a software platform that’s designed to enable container-based hybrid clouds. Diamanti sells hardware and software that enables companies to run Kubernetes-based container workloads in hybrid cloud environments, where workloads are split ...
Google debuts new AI features and tools to advance MLOps
Google LLC announced today a raft of artificial intelligence-related updates as part of Google Cloud Next: OnAir, a nine-week series of livestream events that runs through Sept. 15. The focus of today’s updates is all about machine learning and, in particular, the emerging MLOps discipline that’s aimed at putting machine learning workflows into operation by fostering ...
Zoom’s revenue jumps 355% as it crushes earnings expectations
Zoom Video Communications Inc.’s hot streak continued today as the company reported fiscal second-quarter results well ahead of market expectations. The company, which most of the world now knows sells videoconferencing tools that enable online collaboration, reported a profit before certain costs such as stock compensation of 92 cents per share on revenue of $663.5 million, up 355% from ...
Samsung starts producing faster, thinner DRAM chips for next year’s premium smartphones
Samsung Electronics Co. Ltd. said today it has begun mass production of its most advanced dynamic random-access memory chips yet. The 16-gigabyte LPDDR5 DRAM chip is designed for mobile devices and is being manufactured at the company’s Pyeongtaek plant in South Korea, using a new process called extreme ultraviolet lithography. That process involves using lasers ...
Okta beats earnings expectations as work-from-home trends accelerate
Cloud identity management company Okta Inc. beat earnings expectations in its second-quarter financial results today, but the strong performance wasn’t enough to prevent its stock falling more than 4% in after-hours trading. The company reported a profit before certain costs such as stock compensation of 7 cents per share on revenue of $200.4 million, up 43% ...
In surprise moves, Nutanix CEO Dheeraj Pandey to step down as Bain Capital steps up
Data center software and services company Nutanix Inc. caused a bit of a stir today, announcing that Chief Executive Dheeraj Pandey will retire. Pandey (pictured), who co-founded the company 11 years ago, said he will stay on until a successor has been found. The company also announced that private equity firm Bain Capital will become ...
Dell enjoys solid earnings beat thanks to remote-work demand surge
Dell Technologies Inc. delivered a strong second quarter today, reporting financial results that topped expectations thanks to the growth of remote work and demand for educational devices. The company, which sells personal computers and data center infrastructure, reported a profit before certain costs such as stock compensation of $1.92 per share on revenue of $22.7 billion, ...
NetApp’s stock jumps 10% as it tops earnings expectations
Data storage hardware and services provider NetApp Inc. posted better-than-expected fiscal first-quarter results today, a day after it was reported to have laid off 5% of its workforce. The company, which sells data center storage hardware and software for managing cloud infrastructure, reported a profits before certain costs such as stock compensation of 35 cents per ...
Big-data company Splunk stumbles, missing quarterly revenue target
Big-data analytics firm Splunk Inc. fell short of Wall Street’s expectations on its second-quarter financial results announced today. The company, which sells software to help enterprises search, correlate, analyze, monitor and report on data in real time, reported a loss before certain costs such as stock compensation of 33 cents per share on revenue of ...
Box delivers solid earnings by growing existing customer accounts
Shares in Box Inc. rose almost 9% in after-hours trading today after the company reported better-than-expected second-quarter financial results. The cloud storage and file management company reported a profit before certain costs such as stock compensation of 18 cents per share on revenue of $192.3 million, up 11% from a year ago. Wall Street had forecast earnings of just 12 ...