Mike Wheatley
Latest from Mike Wheatley
Samsung posts strong earnings but says smartphone sales will decline
Samsung Electronics Co. Ltd. late today delivered another strong quarter, reporting an operating profit of 6.4 trillion won ($5.3 billion) for the first three months of the year. The performance was better than expected, with analysts earlier forecasting an operating profit of 6.2 trillion won ($5.05 billion). For the first quarter, Samsung reported total revenue ...
AMD meets earnings expectations but its stock falls on lower outlook
Semiconductor giant Advanced Micro Devices Inc.’s stock fell nearly 3% in after-hours trading today after the company revised its guidance because of the COVID-19 outbreak. The investor sell-off came despite what was a solid first-quarter performance that matched Wall Street’s expectations. The company reported a first-quarter profit before certain costs such as stock compensation of 18 cents per ...
Robotics startup Brain Corp. raises $36M
Brain Corp., a company that makes autonomous software for cleaning robots, said Monday it has raised $36 million in a new round of funding. It said the money will help it to expand at a time when hospitals, airports, schools and others on the front line of the coronavirus crisis can increasingly make use of ...
Google reportedly in talks to acquire Kubernetes startup D2iQ
Google LLC is reportedly targeting container software company D2iQ Inc. as a potential acquisition. D2iQ, formerly known as Mesosphere Inc., sells a platform and management tools for cloud-native applications built atop of Kubernetes, the open-source container orchestration tool. The company changed its name last year to reflect its pivot to Kubernetes. It already has a ...
Automation Anywhere lays off 10% of its workforce amid COVID-19 pandemic
Well-funded robotic process automation startup Automation Anywhere Inc. has become the latest victim of COVID-19, laying off hundreds of its workers as demand for its traditional products has fallen sharply. The company said it was adapting to stronger demand for cloud services caused by the coronavirus-induced shift to remote work. The job cuts could affect up ...
Virtual healthcare startup Medici raises $24M as telehealth surges during pandemic
Virtual healthcare startup Medici Technologies LLC said today it has raised $24 million in a new round of financing. The money will be used to expand the company’s virtual healthcare platform at a time when its offering is rapidly growing in popularity thanks to the coronavirus pandemic. The Series B round was led by Medici’s current ...
Document creation startup Templafy raises $25M
Denmark-based document creation and automation startup Templafy ApS announced today that it has raised $25 million in a new round of funding that brings its total amount raised to almost $70 million. Private equity firm Insight Ventures led the Series C round, with participation from Dawn Capital, Seed Capital and Damgaard Co. Templafy offers a rather ...
Amazon’s fully managed service for Apache Cassandra is now generally available
Amazon Web Services Inc. said today its Amazon Keyspaces for Apache Cassandra managed service is now generally available. The service was announced in preview at AWS re:Invent 2019 when it was known as Amazon Managed Cassandra Service. It’s essentially a cloud database that’s compatible with the existing open-source Cassandra database. The service notably supports the ...
As COVID-19 impact deepens, Google slashes marketing budget by 50%
Google LLC is reportedly planning to slash its marketing budget for the second half of this year by 50%, according to a leaked internal memo sent to employees this week. The report comes a week after Sundar Pichai, chief executive of Google’s parent company Alphabet Inc., said in an email to employees that the company ...
Intel beats earnings forecast with strong data center chip sales but stock falls on outlook
Updated: Chipmaker Intel Corp. posted solid first-quarter results today, beating Wall Street’s expectations thanks in part to the strength of its Data Center Group, which saw revenue jump 43% from a year ago. The company reported a first-quarter profit before certain costs such as stock compensation of $1.45 per share on revenue of $19.8 billion, up 23% ...