Mike Wheatley
Latest from Mike Wheatley
Informatica delivers mixed results in its first post-IPO earnings report
The enterprise data management firm Informatica LLC delivered mixed results today in its first earnings report since returning to the public markets in October, sending its stock down almost 6% in extended trading. The company reported earnings before certain costs such as stock compensation of 20 cents per share on revenue of $406.7 million, up ...
Nvidia delivers strong fourth-quarter results in wake of Arm deal collapse
Computer graphics chipmaker Nvidia Corp. reported strong fourth-quarter results today, beating expectations one week after its bid to acquire rival Arm Ltd. for $66 billion fell through. The company reported net income of $3 billion, or $1.18 a share, with earnings before certain costs such as stock compensation of $1.32 per share. Revenue for the quarter ...
Amazon to expand the edge of its cloud globally with 32 international AWS Local Zones
Amazon Web Services Inc. today announced the completion of the first 16 of its new AWS Local Zones in the U.S., along with plans to establish yet more in 32 metropolitan areas across 26 countries around the world. It’s a big deal because the AWS Local Zones promise ultralow latency as well as the ability ...
DevOps startup Shoreline brings multicloud incident automation to AWS, Azure and Google Cloud
Incident automation startup Shoreline Inc. announced today the general availability of its platform on the “big three” public clouds, Amazon Web Services, Microsoft Azure and Google Cloud. With its launch, Shoreline said, it’s helping ease the burden on site reliability engineers and improve availability for cloud-hosted applications and services. Shoreline does that by giving engineers ...
Alteryx’s stock rises on strong fourth-quarter financial results
Alteryx Inc., the big data analytics software firm, reported strong fourth-quarter financial results today that beat expectations. It offered an outlook for revenue that was higher than expected too, sending its stock up more than 6% in after-hours trading. The company reported a net loss of $37.5 million. Earnings, before certain costs such as stock ...
Akamai pays $900M to acquire AWS cloud infrastructure rival Linode
Content delivery network services provider Akamai Technologies Inc. announced today it has agreed to acquire the infrastructure-as-a-service platform provider Linode LLC for about $900 million. The acquisition of the Amazon Web Services Inc. rival will help Akamai transform itself into the “world’s most distributed compute platform,” the company said. News of the acquisition came as ...
Nutanix Cloud Platform aims to deliver a more consistent cloud operating model for enterprises
Data center infrastructure firm Nutanix Inc. said today it’s making a simplified version of its product portfolio available with the launch of Nutanix Cloud Platform into global general availability. Nutanix is best known for its software-defined hyperconverged infrastructure or HCI stack that integrates compute, storage and networking components into a single appliance or cloud service. ...
Shares of cloud networking firm Arista Networks rise on earnings and revenue beat
Cloud networking company Arista Networks Inc. is on the rise, its stock up more than 8% in after-hours trading after posting fourth-quarter financial results that beat expectations and issuing strong guidance. The company reported a net income of $239.2 million, with earnings before certain costs such as stock compensation coming to 82 cents per share. ...
ANALYSIS
Intel to acquire Israeli chipmaker Tower Semiconductor for $5.4B
Updated: Intel Corp. is making another bid to expand its chip manufacturing operations. This time around, it’s acquiring the Israeli chipmaker Tower Semiconductor Ltd. for $5.4 billion, or $53 a share, in cash. The announcement early Tuesday followed a report Monday in the Wall Street Journal on the talks, which estimated the purchase price at $6 billion. ...
Confluent posts strong results that beat expectations but its stock falls anyway
Big-data company Confluent Inc. must be wondering where it went wrong today after reporting a solid fourth-quarter earnings beat, impressive revenue growth and strong guidance for the next three months, only to see its stock fall more than 10% in extended trading. The company reported a net loss of $114.4 million, amounting to a loss ...