Mike Wheatley
Latest from Mike Wheatley
HashiCorp beats expectations in first quarterly earnings report since going public
HashiCorp Inc., the information technology automation firm that went public in December, delivered encouraging results today in its first earnings report as a publicly traded company. The company reported a fourth-quarter loss before certain costs such as stock compensation of 24 cents per share on revenue of $96.5 million, up 56% from the same period one ...
DocuSign’s stock plunges on weak revenue guidance
Shares of DocuSign Inc. fell quite dramatically in extended trading today even after its fourth-quarter earnings met estimates and revenue beat expectations. What shook investors was its guidance for the next quarter and fiscal year, which came in well below what analysts were looking for, raising fears that its COVID-19-related growth is fading. The company ...
Oracle misses on profit expectations as equity investments hurt income
Oracle Corp. today reported fiscal third-quarter revenue in line with forecasts and a profit that missed expectations because of what it said was the decline in value of two equity investments, but its profit and revenue guidance for the next three months remained higher than analysts’ forecasts. The report initially sent Oracle’s stock down more than ...
Self-learning autonomous driving AI startup Autobrains closes $120M Series C round
Autobrains, a company that’s developing self-learning artificial intelligence technology for assisted and autonomous driving systems, said today it has closed on a $120 million round of funding. The Series C round was led by Temasek and saw participation from existing investors Continental and BMW I Ventures, plus new investors Knorr-Bremse AG and VinFast. Autobrains, which ...
Amazon board approves 20-for-1 stock split and $10B share repurchase
Amazon.com Inc.’s board of directors today voted to approve a 20-for-1 stock split that will revalue the company’s shares. The split – the first in more than two decades – will take effect in June, subject to approval from shareholders at the company’s annual meeting in May. In addition, Amazon said its board has authorized ...
Couchbase’s stock crumbles after-hours on weak revenue guidance
Database company Couchbase Inc. delivered strong fiscal fourth-quarter financial results today, beating expectations, only to see its stock fall in after-hours trading on weak guidance. The company reported a loss before certain costs such as stock compensation of $12.7 million, or 22 cents per share, with revenue rising 19% from a year ago, to $35.1 ...
Asana shows solid growth, but its stock sinks on profit warning
Shares of the work collaboration software firm Asana Inc. fell sharply in after-hours trading today after the company beat fourth-quarter earnings expectations but followed up with disappointing guidance for the current quarter. The company reported a net loss in the fourth quarter of $90 million, or 25 cents a share. Revenue for the period jumped ...
L’Oréal hops on Google Cloud to manage big-data complexity
L’Oréal S.A. revealed today how it has invested heavily in Google Cloud‘s serverless and data tooling solutions to support the Beauty Tech Data Platform that underpins the French cosmetics giant’s business. In a blog post designed to promote Google Cloud’s big-data capabilities, L’Oréal talked about how it has evolved into a “beauty tech” company that relies ...
Sumo Logic reports strong revenue growth, but weak profit guidance disappoints
Data analytics software firm Sumo Logic Inc. beat expectations today for its fiscal fourth-quarter financial results, but its stock fell slightly in extended trading on warning of a lower-than-expected profit. The company reported a net loss of $33.5 million for the quarter, or 13 cents per share. Revenue for the period rose 24% from a ...
MongoDB delivers strong earnings results, soundly beating expectations
Database software darling MongoDB Inc. posted strong fiscal fourth-quarter results today that easily beat expectations, sending its stock higher in after-hours trading. The company reported a loss before certain costs such as stock compensation of 9 cents per share on revenue of $266.5 million, up an impressive 56% from the same period one year ago. ...