Mike Wheatley
Latest from Mike Wheatley
Shares of cloud subscription firm Zuora soar on solid quarterly earnings
Cloud subscription management services company Zuora Inc. saw its stock jump more than 20% in after-hours trading today after reporting fiscal first-quarter results that topped estimates. The company reported a first-quarter loss before certain costs such as stock compensation of 6 cents per share on revenue of $73.9 million, up 15% from the same period ...
Cloudera’s stock plunges despite strong earnings
Big-data company Cloudera Inc. delivered strong financial results today that beat Wall Street’s expectations. The company credited its new Cloudera Data Platform Public Cloud with boosting its value proposition among enterprise customers. It seems to be finding its feet after a dismal showing following its 2018 merger with former rival Hortonworks Inc. Cloudera, which sells various ...
BigID launches Application Development Framework for building reliable data platforms
Israeli data protection and privacy startup BigID Inc. launched a new Application Development Framework today that it says will serve as a marketplace for organizations looking to create a reliable data platform. BigID sells a product companies use to protect and monitor the privacy of their customers’ personal data. It uses proprietary machine learning algorithms to ...
Google faces $5B class action suit for tracking millions of ‘private’ internet users
Google LLC is facing another lawsuit that accuses it of illegally invading the privacy of millions of its users, this time by tracking their internet activity while using browsers that are supposedly set in “private mode.” The proposed class action lawsuit, filed today in the U.S. District Court of the Northern District of California, accuses the ...
CrowdStrike beats earnings target as enterprises look to protect remote workers
CrowdStrike Holdings Inc. today beat expectations with better-than-expected results thanks to increased adoption of its cloud-native cybersecurity tools as enterprises look to secure remote workers during the COVID-19 pandemic. The company, which consulting and investigation services in addition to its cloud-based security tools, reported a fiscal first-quarter profit before certain costs such as stock compensation of 2 ...
Zoom crushes earning estimates and its guidance doubles expectations
Few companies have become more widely known during the COVID-19 pandemic than Zoom Video Communications Inc., and its first quarter financial numbers reflect its incredible surge in popularity. The company, which sells videoconferencing tools, crushed Wall Street’s estimates, reporting a profit before certain costs such as stock compensation of 9 cents per share on revenue of ...
Google postpones Android 11 public beta launch
Google LLC said today it’s indefinitely postponing the public beta launch of Android 11, which had already been pushed back a month to June 3. The company so far has released three developer previews of Android 11, and was set to launch the first public beta release at an online event called “The Beta Launch ...
Jeff Bezos leads investment in British logistics startup Beacon Technologies
Amazon.com Inc. founder and Chief Executive Jeff Bezos has led a $15 million funding round in the British digital freight forwarding and supply chain finance startup Beacon Technologies Ltd. Freight forwarding is a trillion-dollar global industry, and Beacon wants to act as the booking agent between importers and exporters while providing trade logistics and finance ...
Baidu open-sources its Paddle Quantum machine learning toolkit on GitHub
Chinese internet giant Baidu Inc. has unveiled a new toolkit for quantum machine learning, known as Paddle Quantum. The toolkit, newly open-sourced Wednesday, comes with several quantum computing applications and is meant to be used by developers to build and train quantum neural network models. It’s built atop the company’s deep learning platform PaddlePaddle, which ...
Data storage provider Pure Storage beats earnings targets
Pure Storage Inc. saw its stock rise today after the data storage provider reported solid fiscal first-quarter results that topped expectations. The company, which sells a range of flash memory-based data storage hardware and software products, reported a loss before certain costs such as stock compensation of 2 cents per share on revenue of $367.1 ...