Paul Gillin
Latest from Paul Gillin
Snowflake brightens Wall Street gloom with blowout quarter
Snowflake Inc. provided a ray of sunshine in what has otherwise been an awful, horrible, very bad week on Wall Street with an earnings report today that showed revenue more than doubling in the most recent quarter and strong guidance. The cloud data warehousing company posted revenue of $334.4 million in its fiscal third quarter, ...
NetApp posts strong results as shift to hybrid cloud services bears fruit
NetApp’s corporate transformation from a storage maker to a provider of hybrid cloud data services and data management continues to make progress. The company today reported fiscal second-quarter earnings of $1.28 per share, up 22% from a year ago and beating consensus estimates of $1.21. Revenues rose 10.6% from the same quarter last year, to $1.57 ...
HPE shares drop on revenue miss but execs say demand is strong
Hewlett Packard Enterprise Co. reported fiscal fourth-quarter profits that beat consensus estimates, but the company’s stock lost more than 2% after hours as revenues fell just short of expectations. Revenue of $7.35 billion was up 2% from a year ago, or flat adjusted for constant currency. That was below the $7.38 billion that analysts expected. ...
Quinyx raises $50M as investor interest in intelligent workforce scheduling grows
Stockholm-based workforce management software provider Quinyx AB today announced a $50 million Series C funding round to expand its U. S. presence, fund acquisitions and invest in the intelligence features of its core product. The company’s platform enables organizations to automate, optimize and streamline labor scheduling in a process that involves employee input. Built by ...
Starburst now runs distributed queries across all three major cloud platforms
Starburst Data Inc., which sells the commercial distribution of the Trino distributed SQL query engine, today introduced what it says is the first software-as-a-service analytics package that can assess data across multiple clouds. Starburst Galaxy, which the company introduced in February, is being outfitted with the new capabilities and manage cloud-native package that can be ...
SPECIAL REPORT: WHAT'S NEXT IN CLOUD
Why your cloud computing costs are so high – and what you can do about them
Small mistakes in the cloud can have big consequences. John Purcell, chief product officer at custom developer DoiT International Ltd., tells of one customer who made a keystroke error that caused the company to spin up an Amazon Web Services Inc. instance much larger than what was needed. A job that was supposed to finish ...
Grassroots effort helps JPMorgan Chase ease the tech skills crisis
JPMorgan Chase & Co. has found a way to boost employee morale, stem attrition and build its employees’ technology skills. And it’s doing it for the price of pizza and doughnuts. For the past five years, the financial services giant has been nurturing a grassroots program called Ignite based on communities of practice, an informal ...
VMware beats estimates but investors want to see more subscription growth
VMWare Inc.’s third-quarter sales and earnings beat analysts’ estimates on healthy 11% sales growth as the company’s message of helping customers move to multicloud environments appeared to be hitting home. “It’s clear that multicloud will be the model for digital business for the next 20 years,” said Chief Executive Raghu Raghuram (pictured), who took the helm ...
Cloud security unicorn Lacework lands record-busting $1.3B funding round
When Lacework Inc. raised $525 million in a Series D round back in January, it billed the investment as one of the largest in the history of the cybersecurity industry. With an additional $1.3 billion in funding announced today, the security analytics company has set a new high-water mark for investor enthusiasm. The six-year-old firm ...
Foxit integrates digital signatures into its PDF editor
Foxit Software Inc., maker of a line of tools for creating and editing PDF documents, today announced version 11.2 of its Foxit PDF Editor with integrated e-signature capabilities. The combination enables users to create, edit and sign legally binding documents without leaving the PDF editor. The company is banking on simplicity in an environment in ...