Mike Wheatley
Latest from Mike Wheatley
MongoDB posts stellar earnings and revenue beat as software rebound accelerates
Shares of the database company MongoDB Inc. shot up both before and after the close of the regular trading session today following a solid first-quarter financial report that saw it blow past analysts’ expectations. The company also posted solid guidance, in what was taken as another sign that fears of artificial intelligence killing the software ...
Agentic AI success helps UiPath swing to a profit, but investors weren’t impressed
Business automation software company UiPath Inc. delivered mixed results in its latest quarter, posting a solid revenue beat but falling short on earnings — but it did at least manage to return to profitability. The company reported first-quarter earnings before certain costs such as stock compensation of 15 cents per share, falling just shy of ...
AI server demand drives staggering revenue growth for Dell and its stock soars
Dell Technologies Inc. delivered its fastest rate of revenue growth since returning to the public markets more than seven years ago as it delivered stellar first-quarter financial results that crushed analysts’ expectations. The computer server and infrastructure marker also reported rising profitability, and its stock climbed by an impressive 38% in extended trading today. The ...
Modiqo raises $3M in pre-seed funding to help AI agents learn by Rote
Agentic artificial intelligence infrastructure startup Modiqo Inc. says it can assist companies in moving from experimental workflows to repeatable and production-ready systems after raising $3 million in pre-seed funding. Heavybit and Seligman Ventures co-led the round, which also saw participation from Irregular Expressions and a number of angel investors. The startup is trying to fix ...
Nutanix’s stock inches up on solid earnings and revenue beat and growing customer acquisitions
Hyperconverged cloud infrastructure company Nutanix Inc. delivered a mostly upbeat earnings report today, easily beating estimates on profit and revenue, and investors liked the news as the company’s stock gained more than 5% after-hours. Nutanix reported fiscal third-quarter earnings before certain costs such as stock compensation of 47 cents per share, blowing past Wall Street’s ...
Salesforce crushes Wall Street’s targets in its latest results but can’t boost its struggling stock
Salesforce Inc. delivered stronger-than-expected financial results today, but the software vendor came up short when it issued its current quarter and full-year revenue forecast, as the stock barely moved in the after-hours trading session. The company reported adjusted first-quarter earnings per share of $3.88, crushing Wall Street’s forecast of just $3.12 per share. Revenue for ...
Snowflake’s stock surges after-hours on solid earnings beat and multibillion-dollar AWS cloud deal
Snowflake Inc.’s shares jumped in late trading today after it announced a $6 billion spending commitment on Amazon Web Services Inc.’s cloud infrastructure, including a deal to use the company’s custom artificial intelligence chips. The cloud data platform giant also reported stellar first-quarter earnings results, powering past Wall Street’s targets in a sign that the ...
Tensormesh taps Nvidia, AMD and CoreWeave for funding to fix AI model memory problems
Tensormesh Inc. has hit upon a way to make artificial intelligence inference more efficient by eliminating the need for redundant computations, and its technology is so convincing that several of AI infrastructure giants are backing it with $20 million in funding. Today’s round saw the participation of Nvidia Corp., Advanced Micro Devices Inc. and CoreWeave ...
WisdomAI brings plug-and-play conversational AI analytics capabilities to SaaS applications
Not content with its push into autonomous artificial intelligence workers, WisdomAI Inc. is bringing its comprehensive analytics capabilities to third-party software-as-a-service platforms with today’s launch of Embedded Agentic Analytics. The new offering helps software companies to quickly integrate sophisticated conversational AI and data analysis tools into their applications, saving them from the hassle of having ...
RevEng.AI raises $15M to reverse-engineer software binaries and hunt down malicious threats
British software supply chain security startup RevEng.AI today said has raised $15 million in early-stage funding after developing technology similar to Anthropic PBC’s Mythos model and working out a way to put it to good use. The startup, officially known as Binary AI Ltd., wants to help organizations use its technology to analyze software at ...