Mike Wheatley
Latest from Mike Wheatley
Microsoft crushes it again thanks to cloud revenue growth
Microsoft Corp.’s stock rose almost 3% in after-hours trading today after the company posted solid second-quarter financial results that underscored the strength of its commercial and intelligent cloud businesses. The Redmond-based firm reported a profit before certain costs such as stock compensation of $1.51 per share on revenue of $36.9 billion, up 14% from a year ...
Google is working on a new unified messaging app for enterprise users
Google LLC reportedly wants to boost its presence in the enterprise communications space, and to do so it’s working on a new “unified messaging app for businesses,” according to a report today in The Information. The company’s current enterprise messaging tools are centered around its Hangouts Chat and Hangouts Meet services, but The Information says ...
Chipmakers AMD and Xilinx tumble on lower-than-expected guidance
Computer chipmakers Advanced Micro Devices Inc. and Xilinx Inc. saw their shares tumble Tuesday after they both posted lower-than-expected revenue guidance for their next quarters. The stock drop came even though both companies posted what were reasonably solid results for the quarter just gone. In the case of AMD, it reported a profit before certain costs such as ...
Apple stock rises on stronger-than-expected iPhone sales
iPhone maker Apple Inc. today delivered a strong first quarter, posting earnings that beat Wall Street targets thanks in part to stronger-than-expected demand for its iPhone 11 and 11 Pro handsets. The company reported a profit before certain costs such as stock compensation of $4.99 per share on revenue of $91.8 billion, up 9% from a year ...
Serverless computing provider Nuweba raises $10.2M in funding
Serverless computing startup Nuweba Labs Ltd. said today it has raised $10.2 million in an expanded seed funding round. Blumberg Capital led the latest investment, together with Magma Partners and existing investor Target Global. The new funding brings Nuweba’s total amount raised to $15 million, following an earlier $4.2 million seed round in February 2019. ...
New Cisco software aims to help enterprises deliver and monitor apps from edge to cloud
Networking giant Cisco Systems Inc. is boosting its application monitoring capabilities with a new feature for AppDynamics that allows enterprises to map the performance of their most critical business applications. In addition, Cisco announced a new Workload Optimizer tool that can automate the provisioning of each application’s underlying infrastructure in both on-premises and cloud environments. The ...
Rising costs take a bite out of Juniper’s profits
Network infrastructure company Juniper Networks Inc. today posted its fourth-quarter financial results that met Wall Street’s profit targets and just beat expectations on revenue. But that wasn’t good enough for investors. The company reported a profit before certain costs such as stock compensation of 58 cents per share on revenue of $1.21 billion, up 2.3% from a ...
Data science company Iguazio closes on $24M funding round
Data science company Iguazio Systems Ltd. today announced a $24 million round of funding that brings its total amount raised to $72 million. INCapital Ventures led the round, which is an extension of Iguazio’s earlier Series B rounds. Also participating are existing and new investors that include Samsung SDS, Kensington Capital Partners, Plaza Ventures and Silverton Capital ...
DOJ and state attorneys general could join forces in Google antitrust probe
Google LLC is bracing itself for more headaches with the news that U.S. state attorneys general are planning to meet attorneys from the Justice Department this week to share information on their ongoing antitrust investigations into the company. The investigations center on Google’s alleged monopolistic behavior, which officials say could harm consumers because of the ...
Atlassian stock leaps on strong subscription revenue growth
Enterprise productivity software provider Atlassian Corp. Plc. has made a solid start to the year, posting fiscal second-quarter financial results today that easily beat expectations. The results were boosted by strong growth in subscription revenue and helped the company’s stock jump almost 10% in after-hours trading. The company reported a profit before certain costs such ...