Mike Wheatley
Latest from Mike Wheatley
Couchbase cranks out another solid quarter, beating expectations
Database company Couchbase Inc. delivered strong second-quarter financial results that beat expectations today, and also raised its full-year guidance. The company is edging closer to profitability, reporting a $15.3 million net loss for the quarter, down from the $19 million loss it generated three months earlier. The loss before certain costs such as stock compensation ...
Lightbend says Akka will shift from open source to a paid Business Source License
Lightbend Inc., the creator of the popular application development platform Akka, said today it’s changing the software’s licensing model to ensure that its biggest users contribute more toward its development. Akka is a developer toolkit designed to streamline the process of building and running heavy-duty distributed apps. Akka is ideal for individuals and companies that ...
Coupa Software’s stock rises on solid earnings beat and strong profit forecast
Business payments software firm Coupa Software Inc. is flying high today after posting solid second-quarter financial results. It also forecast a profit for the next quarter that goes beyond analyst’s expectations, sending its stock soaring in extended trading. The company reported earnings before certain costs such as stock compensation of 20 cents per share, beating ...
GitLab beats expectations with impressive revenue growth, but its stock falls anyway
Shares of the DevOps company GitLab Inc. headed lower in extended trading today, even though the company beat Wall Street’s expectations with its latest financial results and offered strong guidance. The company reported a second-quarter net loss of $59 million, up from a $40.2 million net loss in the same period a year earlier. It ...
UiPath’s stock falls hard after it cuts full-year outlook
Shares of the business automation software firm UiPath Inc. fell hard today after the company lowered its forecast for the fiscal year, blaming macroeconomic uncertainty and foreign currency headwinds. The company had just reported fairly solid second-quarter results, with a loss before certain costs such as stock compensation of just two cents per share, coming ...
PagerDuty beats Wall Street’s targets and its stock rises
The application observability firm PagerDuty Inc. gave shareholders plenty of reasons to be happy today after posting second-quarter financial results that beat expectations and following up with a strong forecast for the next three months. The company reported a loss before certain costs such as stock compensation of four cents per share, better than its ...
HashiCorp’s stock rebounds on strong earnings, revenue and guidance
Shares of fast-growing HashiCorp Inc. moved higher today after the company reported solid earnings and followed with encouraging guidance that came in above expectations. The company reported a second-quarter loss before certain costs such as stock compensation of 17 cents per share, well ahead of the analysts’ consensus estimate of a 31-cent loss. Revenue for ...
Broadcom bucks the trend, providing strong guidance that sends its stock price up
Shares of the semiconductor giant Broadcom Inc. ticked up in extended trading today after the company delivered strong earnings and revenue and offered a better-than-expected outlook for the October quarter. The company reported earnings before certain costs such as stock compensation of $9.73 per share on revenue of $8.46 billion, up 25% from a year ...
Flexible employee learning platform provider Learnsoft raises $16.7M
Employee learning software provider Learnsoft Technology Group said today it has closed on a $16.7 million Series A round of funding led by Elsewhere Partners and hired a new chief executive to lead it through its next phase of operational and product growth. Learnsoft is the creator of a software-as-a-service platform that enables companies in ...
C3.ai’s stock tumbles on lower forecast and plan to revamp its business model
Shares of the artificial intelligence software provider C3.ai Inc. crashed in after-hours trading today after the company cut its full-year revenue outlook and announced a major overhaul of its business model in the midst of what it termed an “economic downturn.” The company, which refers to itself as C3 AI, delivered some mixed first-quarter numbers. ...