Paul Gillin
Latest from Paul Gillin
Oracle beats earnings forecast but says investments will tamp down next quarter
Oracle Corp. today reported financial results that topped expectations in its fiscal third quarter on the strength of sales of its Generation 2 Cloud Infrastructure and cloud-based enterprise resource planning products. Executive Chairman and Chief Technology Officer Larry Ellison also brashly predicted Oracle will ultimately lure away half of ERP rival SAP SE’s customers. The ...
Talend to sell to private equity firm Thoma Bravo in $2.4B deal
Data integration company Talend SA announced today it has agreed to be acquired by tech-focused private equity firm Thoma Bravo LP for $66 per share. The cash transaction values the company at $2.4 billion, or about 29% more than Talend’s Tuesday closing price and 81% above the volume weighted average price over the last 12 ...
TrustArc bids to automate privacy rules enforcement
Data privacy management firm TrustArc Inc. today announced a service that provides a single point of control for identifying and managing information that may be subject to privacy regulations. Called PrivacyCentral, the hosted service simplifies management of privacy programs and reduces the need to reinvent the compliance wheel every time a regulation is introduced or ...
VMware and Nvidia team to deliver virtualized AI workloads
VMware Inc. and Nvidia Corp. today are teaming up to hasten development of enterprise artificial intelligence applications. New releases of the virtualization giant’s vSphere 7 server virtualization and vSAN 7 storage virtualization product will run applications requiring AI-ready infrastructure with improved security and simplified operations. Specifically, VMware and Nvidia said they’ll deliver a software stack that ...
Okta shares plunge on plans to acquire rival Auth0 and cautious earnings guidance
Cloud identity access management firm Okta Inc. said today it will acquire rival Auth0 Inc. in an all-stock transaction valued at $6.5 billion. The news came just hours before Okta announced earnings results that exceeded analyst expectations but gave guidance that disappointed some market watchers. That, combined with the size of the Auth0 deal spooked some ...
Cutover banks $35M for its work orchestration platform
Godesic Ltd., which does business under the name Cutover, today announced a $35 million financing round to continue to develop and sell its work orchestration and observability platform. With the Series B round, the company has now raised more than $54 million. Funding was led by Eldridge Industries LLC with participation from alongside existing investors Index Ventures ...
HPE beats forecasts but fails to return to growth as data center business drags
Hewlett Packard Enterprise Co. shares climbed 3% in after-hours trading today before falling back after the company reported fiscal first-quarter results that topped Wall Street expectations. The results provided the best evidence yet that its turnaround, fueled by edge computing, software-defined infrastructure and as-a-service delivery, is paying dividends. Not that the business is growing yet. Revenue fell ...
Kaskada data science automation platform aims to speed machine learning models into production
More than a year after announcing plans to automate the feature engineering phase of artificial intelligence projects, Seattle-based startup Kaskada Inc. is bringing its first product to market. Kaskada says it aims to democratize feature engineering, an often laborious process that requires data scientists to select, clean and validate the data to be fed into ...
VMware stays course through executive transition with rock-solid financial results
Losing its dynamic chief executive to the top job at Intel Corp. hasn’t slowed VMware Inc.’s momentum, at least not yet. As it does nearly every quarter, the virtualization giant posted fourth-fiscal quarter results that exceeded Wall Street expectations on strong growth in its subscription and software-as-a-service revenues. It’s a sign that it continues a ...
Nutanix posts strong sales growth driven by new products and subscriptions
Nutanix Inc. reported strong sales growth in its fiscal second quarter, sending its stock up nearly 3% in after-hours trading and continuing a string of robust earnings reports following the hammering it took on weak guidance a year ago. Total quarterly revenue $346.4 million at the data center software and services company was flat compared ...