Mike Wheatley
Latest from Mike Wheatley
About to go public, Slack posts first-quarter loss on 67% rise in revenue
Slack Technologies Inc. today posted its full financial results for the first time as it gears up for its direct listing on the New York Stock Exchange later this month. The workplace collaboration tools company first said it was planning to go public in April, shunning the more traditional initial public offering in favor of a direct ...
White House budget chief asks for a delay on Huawei product ban
The White House’s budget chief has written to U.S. Vice President Mike Pence and nine other members of Congress asking for a delay on restrictions against China’s Huawei Technologies Co. Ltd.’s products. Reuters reported today that Russell Vought, chief deputy director of the Office of Management and Budget, sent his letter last Tuesday, requesting that some ...
DocuSign sees stock tank despite posting solid earnings
E-signature company DocuSign Inc. must be wondering where it went wrong today after its stock crashed more than 20% in after-hours trading, despite posting first-quarter earnings that beat expectations and strong guidance for the period ahead. The company, which likes to call itself a digital transaction management firm, reported earnings before certain costs such as ...
Zoom goes boom as it beats forecasts in first earnings report
Zoom Video Communications Inc. has gotten off to a great start in its life as a publicly traded company, reporting strong earnings in its first financial report since its initial public offering. The company, which sells videoconferencing software for enterprises that works across every type of device, reported first-quarter earnings before certain costs such as stock ...
Red Hat debuts new enterprise Linux version in beta
It’s business as usual for open-source software provider Red Hat Inc. as it edges closer to becoming a part of IBM Corp. following an acquisition announced late last year. While the company works toward completing that deal, it has just shipped out yet another version of its Red Hat Enterprise Linux operating system. RHEL 7.7 is ...
MongoDB beats expectations but stock dips on lower earnings guidance
Database company MongoDB Inc.’s stock took a hit today even though the company posted first-quarter earnings that beat expectations and saw strong growth in its subscription and services revenue. The company, which sells a document-oriented database of the same name that’s used to power big data applications and other intensive workloads, reported a loss before ...
Cloudera hits a wall as its CEO retires after revenue miss
Updated: Big-data company Cloudera Inc.’s stock took a battering today after it revealed Chief Executive Officer Tom Reilly (pictured) is retiring. The company announced Reilly’s departure, effective July 31, at the same time that it posted its first-quarter financial results, missing expectations on revenue. Guidance for the next quarter also came up short. Reilly, who ...
Google adds new pricing options for its Compute Engine service
One of the biggest complaints of enterprises that move their software to the public cloud is the associated costs of doing so, which often add up to more than they’d first anticipated. That can be a problem, since one of the main reasons for moving to the cloud in the first place is to reduce ...
Google meets its 100% renewable energy target again
Google LLC said today it has managed to achieve its goal of buying enough renewable energy to match the electricity use of its data centers for the second year running. In a blog post, Neha Palmer, Google’s director of operations, energy and location strategy, said the company first hit its renewable energy goal in 2017, ...
Investors dump Pivotal Software on poor outlook
Software development company Pivotal Software Inc. was hung out to dry by investors today after slashing its revenue targets for its second quarter and fiscal 2020, blaming what it said were “sales execution” issues and a “complex technology landscape.” The company’s stock plunged more than 28% in the after-hours trading session as investors decided enough ...
