Paul Gillin
Latest from Paul Gillin
VMware beats profit estimates but weak guidance sends shares down
VMWare Inc. reported fiscal fourth-quarter revenues that met analysts’ estimates and higher-than-expected profit along thanks to strong growth in its software-as-a-service and subscription offerings. However, the computer virtualization giant’s forecast for the first quarter of fiscal 2023 disappointed analysts and sent the stock down nearly 6% in early after-hours trading. VMware projected quarterly revenue of ...
Redpanda raises $50M to modernize stream processing
Redpanda Data Inc., creator of a streaming data platform aimed at the software developers, today announced it has raised $50 million in a new funding round, bringing its total funding to $76 million. The three-year-old company’s product is a drop-in replacement for Apache Kafka that unifies historical and real-time data. It enables inline transformations to ...
Ahana fortifies Presto data lake security
Ahana Cloud Inc., which sells commercial and managed versions of the Presto open-source distributed query engine, today announced what it says are significantly improved security features on its cloud service, including multi-user support, fine-grained access controls for data lakes with Apache Ranger and audit support. Ahana is one of the startups benefiting from growing interest in ...
Today’s Dell rollout aimed at speeding adoption of open telecom standards
Dell Technologies Inc. today introduced new telecommunications products and services aimed at boosting open telecom standards and helping communications service providers build open cloud-native networks. Dell said it’s aiming to remove complexity while quickening the pace of network deployments based on open standards, which are increasingly being adopted by telecom providers. Although CSPs value the ...
Informatica CEO says stock drop is a mystery as fundamentals are strong
The day after his company’s stock dropped nearly 30% on financial results that exceeded analysts’ revenue forecasts but slightly undershot earnings estimates, the chief executive of Informatica Inc. expressed bewilderment at the market’s reaction. “It’s a head-scratcher for me,” said Amit Walia (pictured), an eight-year Informatica veteran who became CEO a little over a year ...
Cisco reports strong demand as it beats revenue and profit estimates
Citing strong broad-based demand, Cisco Systems Inc. today reported fiscal second-quarter revenue and profit growth that beat analysts’ forecasts and the high end of its own guidance. Revenue rose 6% from a year ago, to $12.72 billion, ahead of analysts’ expectations of $12.66 billion. Earnings of $2.97 billion, or 84 cents per share on an adjusted basis, ...
Uniphore’s $400M funding called largest ever in call center market
Uniphore Technologies Inc. said today it has closed the largest funding round ever for a company in the call center business: a $400 million late-stage investment that values the company at $2.5 billion. The Series E round, which brings Uniphore’s total funding to $610 million, dramatizes investors’ appetite for technology that makes call center agents ...
Temporal raises $103M to accelerate development of stateful cloud applications
Temporal Technologies Inc. today announced a $103 million Series B funding round at a valuation of more than $1.5 billion, saying usage of its state management software is growing roughly 25% per month. The company has refined the description of its business since it announced an $18.75 million Series A round in late 2020. At ...
Databricks extends vertical industry reach with analytics libraries for financial services
Databricks Inc., developer of an analytics platform based on the Apache Spark framework, today is broadening its push into vertical markets with Lakehouse for Financial Services, a set of pre-built accelerators and open-source libraries for uses in areas like compliance, risk management, fraud and open banking. The company is also expanding its Delta Sharing open ...
Oracle boosts cloud supply chain suite amid ongoing disruptions
Oracle Corp. today announced a broad set of new logistics management capabilities within its Oracle Fusion Cloud Supply Chain & Manufacturing or SCM suite. Updates to Oracle Fusion Cloud Transportation Management and Oracle Fusion Cloud Global Trade Management are aimed at helping organizations reduce costs and risk, improve customer experience and adapt better to business ...