Mike Wheatley
Latest from Mike Wheatley
Box beats earnings estimates as it edges toward profitability
Cloud storage company Box Inc. cheered investors today as it reported earnings that came in just above expectations. The company still posted an overall loss but managed to whip up excitement by claiming it’s on the verge of reaching profitability for the first time. Box reported a loss before certain costs such as stock compensation ...
Nutanix posts strong subscription revenue growth and investors cheer
Data center infrastructure company Nutanix Inc. delighted investors Tuesday evening as it turned in strong fiscal first-quarter results that show how its shift towards a subscription business model is gathering speed. Nutanix posted a first-quarter loss before certain costs such as stock compensation of 13 cents a share on revenue of $313.3 million. That easily ...
SPECIAL REPORT: THE CLOUD COMES OF AGE
Amazon adds a raft of application container, IoT tools to the AWS Marketplace
Amazon Web Services Inc. is taking steps to raise the availability of third-party software and hardware relating to application containers and the “internet of things” on its cloud infrastructure platforms. Application containers are an important area of focus for Amazon due to the advantages they provide for developers. They enable developers to build software apps ...
SPECIAL REPORT: THE CLOUD COMES OF AGE
Amgen and Korean Air jump aboard the AWS train
Big name brands just can’t get enough of Amazon Web Services Inc., if its rate of customer acquisitions, or at least its announcements of them, is anything to go by. The company today said it has signed up another pair of marquee customers, just a day after it landed Ellie Mae Inc. and Intel Corp.’s Mobileye ...
Gartner says it’s time to think about moving beyond the network edge
Gartner Inc. says the constantly evolving nature of technology means that anyone who thinks the network edge is the last place to develop new services could be in for a shock. The rise of edge computing has been one of the hottest topics in information technology this year. Edge computing refers to data being processed ...
Google adds Istio to its Kubernetes platform to make microservices easier to manage
Software developers are adopting Kubernetes-based microservices architectures to build modern applications in droves. Now, Google LLC is trying to help developers manage those microservices more easily with the addition of Istio, an open source service mesh, to its enterprise-grade Google Kubernetes Engine platform. Google has been at the forefront of Kubernetes’ development since the project’s ...
AWS signs up new, expanded customers ahead of re:Invent cloud conference
Just hours ahead of its annual re:Invent customer conference, Amazon Web Services Inc. said it has signed up important new and expanded customers who will be using its public cloud computing infrastructure to run the bulk of their information technology operations. They include Ellie Mae Inc., which provides cloud software for the mortgage industry that ...
Israeli startup grabs $5.5M in seed funding to build a full ‘quantum stack’
Israeli startup Quantum Machines Co. has joined the race to build the infrastructure necessary to support quantum computing. The company, which is based in Tel Aviv, said today it has raised $5.5 million in a seed funding round led by Battery Ventures and TLV Partners. Quantum Machines was founded this year by Chief Executive Officer Itamar ...
‘Hyperscale’ data center firms take infrastructure spending to new levels
Hyperscale data center operators spent a combined $26 billion on new infrastructure in the last quarter, up more than 53 percent from the third quarter of 2017. The data comes from Synergy Research Group’s latest report on hyperscale capital expenditure, which revealed that Amazon Web Services Inc., Google LLC, Microsoft Corp., Facebook Inc. and Apple Inc. ...
As iPhone sales falter, Apple supplier Foxconn to reduce operations costs by $3B
Taiwan’s Hon Hai Precision Industry Co. Ltd., better known as Foxconn, apparently is planning to cut operational costs by about 20 billion yuan ($2.9 billion) following what it said was a “very difficult and competitive year.” The company is intending to slash about 10 percent of its “nontechnical staff” from its roster over the next ...