Mike Wheatley
Latest from Mike Wheatley
ANALYSIS
State attorneys general target Google in new antitrust probe
Google LLC will be investigated by more than half of America’s state attorneys general over possible antitrust violations, according to a report today in the Washington Post. The Post cites “three people familiar with the matter” as saying the investigation will be officially announced at a press conference on Sept. 9. It’s not clear if ...
Facebook and MIT are using ‘Minecraft’ to train an AI assistant
Researchers from Facebook Inc. and the Massachusetts Institute of Technology are working together on an artificial intelligence assistant for the popular online video game “Minecraft.” The goal: to create an AI system able to perform a wide variety of tasks, rather than one that’s “superhuman” at a single activity. MIT Technology Review reported today that a team of ...
Workday’s hot streak continues as it beats earnings targets again
Workday Inc. continued its hot streak as it easily topped expectations for its second-quarter financial results. The company, which sells financial management and human capital management software to companies, reported earnings before certain costs such as stock compensation of 44 cents per share on revenue of $887.8 million, up 32% from a year prior. Wall Street was looking ...
ANALYSIS
With record PC revenue, Dell smashes earnings forecasts
Dell Technologies Inc. smashed second-quarter earnings forecasts today thanks to record-breaking revenue from its personal computer business unit. The infrastructure technology giant reported earnings before certain costs such as stock compensation of $2.15 per share on revenue of $23.4 billion, up 2% from a year ago. That was well ahead of Wall Street’s forecasts. Analysts ...
Google announces beta availability of Managed Service for Microsoft Active Directory
Google LLC today announced the public beta test of its Managed Service for Microsoft Active Directory. Active Directory is a popular if somewhat aging Microsoft Corp. service that traditionally runs on on-premises Windows Servers. It’s used by thousands of organizations to manage both users and access to traditional applications. But Google says that as these ...
Zuora stock rallies as subscription services firm posts lower-than-expected loss
Cloud subscription management services firm Zuora Inc. showed it’s making good progress today with second-quarter financial results that easily beat expectations. The company reported a loss before certain costs such as stock compensation of 9 cents per share on revenue of $69.7 million, up 21% from a year ago. Subscription revenue for the period came ...
Despite beating earnings expectations, Box sees stock fall again
Cloud storage company Box Inc. struggled to generate much enthusiasm from its investors today, despite posting second-quarter financial results that beat expectations. The company’s earnings before certain costs such as stock compensation came in at zero cents per share. Revenue rose 16% from a year ago, to $172.5 million. That was better than expected, as Wall Street ...
Nutanix stock pops on strong earnings beat
Data storage company Nutanix Inc. is flying high late today after reporting fourth-quarter financial results that easily beat expectations. The company, which sells so-called hyperconverged information technology infrastructure that integrates compute, storage and networking components, reported a loss before certain costs such as stock compensation of 57 cents per share on revenue of $299.9 million. ...
Rackspace debuts more managed services for hybrid clouds
Managed cloud services company Rackspace Inc. today announced new offerings aimed at helping its customers better manage their hybrid cloud deployments. The new services are intended to facilitate the deployment and management of modern applications, the company said. The new services come after Rackspace recently rebranded itself as an unbiased managed cloud services provider that aims to ...
With sanctions yet to bite, Huawei sees strong smartphone sales growth
China’s Huawei Technologies Co. Ltd. somehow managed to increase its share of the global smartphone market in the second quarter after seeing strong sales growth, despite the specter of a U.S. government-led embargo hanging over it. That’s according to the latest reckoning of the smartphone market from Gartner Inc. released today. Huawei, currently the world’s ...