Mike Wheatley
Latest from Mike Wheatley
ServiceNow’s agentic AI push pays off with blowout earnings and strong revenue growth
The information technology service management software specialist ServiceNow Inc. delivered another strong earnings and revenue beat today as it posted its second-quarter results, sending its stock higher in extended trading. The company reported earnings before certain costs such as stock compensation of $4.09 per share, trouncing the analysts’ target of $3.57 by a big distance. ...
AI mainframe sales help IBM beat Street’s earnings targets, but software miss upsets investors
Updated with Thursday stock decline: IBM Corp. beat expectations on second-quarter earnings and revenue today, aided by strong sales of new mainframe hardware that’s capable of processing vast amounts of data for artificial intelligence workloads, but a miss on software revenue sent its stock plunging nearly 8% on Thursday. The company reported earnings before certain ...
Alphabet beats earnings targets, but investors worry about increased AI spending
Google LLC’s parent company Alphabet Inc. reported second-quarter earnings and revenue that surpassed expectations, but surprised investors when it said it’s going to increase its capital investments in fiscal 2025 by an additional $10 billion. The company reported earnings before certain costs such as stock compensation of $2.31 per share, surpassing the $2.18 estimate from ...
Upwork launches AI-conducted interviews to help employers sift through job applicants faster
Freelancer marketplace platform Upwork Inc. is beefing up its artificial intelligence capabilities with a new Uma chatbot-powered feature called “Instant Interviews” that aims to help employers streamline the initial screening process and narrow down their list of job candidates. The updates to Uma are part of a comprehensive revamp of the Upwork platform. Other new ...
Amazon buys wearable AI device maker Bee for an undisclosed sum
Amazon.com Inc. is buying the wearable electronics startup Bee, officially known as Bluush Inc., for an undisclosed price, as part of a strategy to take the lead in more personal artificial intelligence services. The acquisition, which has not yet closed, was announced by Bee co-founder and Chief Executive Maria de Lourdes Zollo on LinkedIn, who ...
Pegasystems’ strong earnings and revenue don’t impress investors, and its stock flounders
Business automation software provider Pegasystems Inc. might be wondering what it did wrong today after posting solid earnings and revenue in its latest financial report, only to see its stock fall sharply in extended trading. Update: Pegasystems’ stock rebounded sharply in regular trading today, registering a gain of more than 13%. The company reported second-quarter ...
SAP slips up, misses the Street’s revenue targets and its stock sinks
SAP SE failed to provide much reassurance to investors today as it posted mixed second-quarter financial results, beating estimates on revenue but falling short on earnings, sending its stock lower after-hours. The company reported revenue of €9.03 billion ($10.61 billion), up 12% from a year ago but short of the analyst target of €9.09 billion. ...
Delve gets $32M to delve deeper into the world of agentic AI compliance
A startup called Delve Technologies Inc. is trying to use artificial intelligence agents to help companies improve their compliance postures, and it’s getting $32 million from backers to aid in that task. The company’s Series A funding round, announced today, was led by the renowned software investor Insight Partners, and saw participation from a number ...
Edge AI chipmaker Ambiq Micro aims to raise up to $85M in its IPO
Edge artificial intelligence chipmaker Ambiq Micro Inc. is looking to raise up to $85 million from investors through an initial public offering that’s expected to price before the end of the month. The Austin-based chip startup, which filed its initial IPO prospectus earlier this month, believes it can tempt investors with a low-priced entry into ...
NXP delivers bullish guidance despite declining revenue, but investors were not convinced
NXP Semiconductors N.V.’s stock faltered in the after-hours trading session after the chipmaker delivered a forecast that was perhaps less bullish than some investors had been hoping for. The company reported second-quarter earnings before certain costs such as stock compensation of $2.72 per share on revenue of $2.93 billion, down 6% from a year ago. ...