Mike Wheatley
Latest from Mike Wheatley
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 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 ...
Data warehouse firm Snowflake Computing adds a marketplace for third-party data
Cloud data warehouse company Snowflake Computing Inc. is making it easier for users to access different data sources with a new service it announced today at its Snowflake Summit event in San Francisco that runs through June 6. The extremely well-funded San Mateo, California-based Snowflake sells a cloud data warehouse that runs on Amazon Web ...
Snowflake brings its popular data warehouse service to Google Cloud
Big-data company Snowflake Computing Inc. today made its cloud-based data warehouse software available on Google LLC’s cloud platform, which means its customers can now choose among all three of the major U.S. cloud infrastructure providers. Founded in 2012, Snowflake offers a data warehouse and analytics service hosted in the cloud, which organizations can use to store ...
Amazon and Google race to sign up new cloud customers
Public cloud infrastructure providers Amazon Web Services Inc. and Google LLC both announced new marquee customers today as they step up their battle capture big name clients. AWS says it has agreed a deal with the National Association for Stock Car Auto Racing to run its cloud-based machine learning and artificial intelligence workloads on its ...
IBM brings its Db2 database into the modern AI-driven era
IBM Corp. is adding artificial intelligence capabilities to its Db2 relational database management system that should help make the 36-year-old software more useful in today’s data-driven world. Introduced in 1983, Db2 is the world’s sixth most popular database and therefore the relational engine of choice at many large enterprises, according to DB-Engines. The platform is ...
Box takes another battering after lowering revenue guidance
Cloud storage company Box Inc. took a real battering today, with its stock falling almost 14% in after-hours trading. The reason for the drop was an updated full-year revenue outlook that fell well short of analysts’ estimates. Box actually did quite well in the quarter just gone. It reported a first-quarter loss before certain costs ...