Mike Wheatley
Latest from Mike Wheatley
ServiceNow beats earnings estimate and offers confident long-term outlook
Information technology services management company ServiceNow Inc. today posted solid first-quarter earnings that comfortably beat expectations. The company further impressed investors when it said it’s confident that it will top $10 billion in annual revenue for the first time this year despite the economic damage caused by the coronavirus pandemic. ServiceNow reported a first-quarter profit before certain ...
Qualcomm beats earnings forecast despite lower demand for smartphone chips
Smartphone chipmaker Qualcomm Inc. sprung a surprise today, posting second-quarter results that easily beat expectations despite seeing much lower demand for smartphone chips because of the coronavirus pandemic. The company reported a profit before certain costs such as stock compensation of 88 cents per share on revenue of $5.2 billion. That was well ahead of Wall Street’s ...
Google Cloud adds a new region in Las Vegas
Google LLC’s public cloud infrastructure platform is expanding its reach with the availability of a new region in Las Vegas. The new region announced today is Google’s fourth in the western United States and seventh nationwide. “Now open to Google Cloud customers, the Las Vegas region provides you with the speed and availability you need ...
Arm expands its Flexible Access program to early-stage startups
British semiconductor design firm Arm Ltd. today is expanding its Flexible Access program to make its central processing units and other systems available to early access startups without paying anything upfront. Arm is in the business of designing CPUs and other kinds of computer chips such as systems-on-a-chip infrastructure. The company doesn’t manufacture the chips ...
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 ...