Mike Wheatley
Latest from Mike Wheatley
OpenLegacy raises $20M to help businesses modernize legacy applications
Application modernization startup OpenLegacy Inc. has raised $20 million to help it pursue its mission of helping financial services companies move their information technology infrastructures into the cloud-native era. Japan’s SBI Holdings Inc. was the sole investor in the latest round, announced late last week. It brings OpenLegacy’s total funding to date to $70 million. ...
Western Digital buoyed by improving flash market
Data storage company Western Digital Corp. benefited from an improving flash market and stronger demand for its hard drives to deliver second-quarter financial results today that topped Wall Street’s expectations. The company reported a profit before certain costs such as stock compensation of 62 cents per share on revenue of $4.23 billion. Wall Street was looking for ...
ANALYSIS
IBM has a new CEO: Arvind Krishna to replace retiring Ginni Rometty
Shares in IBM Corp. are up almost 4% late today after the company announced that its long-serving Chief Executive Officer Ginni Rometty will retire, to be replaced by veteran IBM executive Arvind Krishna. In addition, Jim Whitehurst, former CEO of the recently acquired Red Hat Inc., will take over as IBM’s president. The changes will ...
Google Translate to add real-time transcription feature
Google Translate will get a new feature before long that will enable it to translate people’s speech into another language and then transcribe it in real time. “Your mobile phone effectively turns into a language translator for long-form speech,” Sami Iqran (pictured), product manager for Google Translate, told SiliconANGLE in an interview at a press ...
Mozilla aims to make money from its Thunderbird email client
Struggling nonprofit organization The Mozilla Foundation will try to squeeze some revenue out of its open-source Thunderbird email client after moving the project to a new subsidiary called MZLA Technologies Corp. Mozilla said this week that Thunderbird will remain both free and open-source, but the move away from the Foundation to a corporate entity suggests ...
ServiceNow stock jumps 8% on stronger-than-expected earnings
Wrapping up its first quarter under new Chief Executive Officer Bill McDermott, ServiceNow today posted results that beat expectations on both profit and revenue. The company reported fourth quarter earnings of 96 cents per share on revenue of $951.8 million, up 33% from the same period a year ago. That handily beat Wall Street’s forecast ...
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 ...