Mike Wheatley
Latest from Mike Wheatley
MongoDB beats earnings expectations but its guidance comes up short
MongoDB Inc. blew past Wall Street’s expectations today as it reported its first-quarter financial results, but the database software company’s stock fell in after-hours trading after it warned of a wider second-quarter loss than analysts were expecting. The company, which sells an open-source, document-oriented database of the same name that’s used to power big-data applications ...
Slack announces multiyear cloud partnership with AWS
Slack Technologies Inc. today announced today a sweeping multiyear agreement with Amazon Web Services Inc. that covers both cloud services and product integrations. The announcement came as the workplace collaboration firm reported its fiscal first-quarter results, easily topping Wall Street’s expectations. The company’s stock quickly fell after hours, though, as its guidance for the next quarter wasn’t ...
Full cloud ahead: Storage giant NetApp buys cloud cost control startup Spot
In its third acquisition this year, Data storage firm NetApp Inc. said Wednesday it’s buying the Israeli cloud infrastructure optimization startup Spot. The companies didn’t reveal the amount, but a source told Calcalist the price was $450 million. Spot had raised about $52 million in funding and employs 150 people in Tel Aviv, San Francisco ...
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 ...