Mike Wheatley
Latest from Mike Wheatley
Adobe delivers strong earnings but guidance falls short
Updated: Adobe Systems Inc.‘s shares fell Friday despite strong fiscal first-quarter financial results that beat expectations. The problem? Guidance for the next quarter that came up just short of estimates. The company, which sells software and services for creative artists and marketers, reported a profit before certain costs such as stock compensation of $1.71 per share on ...
Oracle posts strong earnings, but cloud progress still slow
Updated: Oracle Corp.’s shares took a small hit late today even though the database and business software giant posted better-than-expected quarterly results and guidance. The company reported a profit before certain costs such as stock compensation of 87 cents per share on revenue of $9.6 billion for its fiscal third quarter. That compared well with Wall Street’s ...
Service mesh company Buoyant lands $10M to take on Google’s Istio
Open source service mesh company Buoyant Inc. is trying to take on Google LLC after landing a $10 million investment that was led by none other than Google’s venture capital arm GV. Benchmark and A.Capital also participated in the round, which brings Buoyant’s total funding to $24 million since its founding in 2015. Buoyant is trying ...
Multimodel database company ArangoDB lands $10M in funding
Database startup ArangoDB GmbH says it has relocated its headquarters to the U.S. after landing a $10 million Series A round of financing. The Series A round was led by Bow Capital, with participation from existing investor Target Partners, and brings the company’s total funding to $17 million. Bow Capital’s adviser Murat Sönmez will take ...
Apple reveals it acquired an AI startup called Laserlike, likely to improve Siri
Apple Inc. reportedly acquired a startup last year called Laserlike Inc., which built software that uses machine learning to search the web for information and deliver personalized results to users. According to a report in The Information today, Apple confirmed that the acquisition, unnoticed until now, closed late last year. Apple is likely to integrate Laserlike’s technology with its digital ...
Big-data firm Cloudera crashes on lower earnings and guidance
Updated: Big-data company Cloudera Inc. saw its stock take a beating late Wednesday after posting a wider-than-expected loss for the quarter just gone. The company, which sells software based on Apache Hadoop and related technologies for data engineering, data warehousing, machine learning and analytics workloads, also came up short on its guidance for the next quarter and ...
MongoDB’s shares jump as it crushes earnings expectations
Update: Database company MongoDB Inc. crushed expectations today with blowout fourth-quarter earnings that sent its stock price soaring in after-hours trading. Several major technology firms have posted disappointing results in the current earnings season, but MongoDB went against the trend, easily beating forecasts on profit, revenue and guidance. The company, which sells a document-oriented database ...
IBM claims a quantum leap in machine learning
IBM Corp. researchers reckon they’ve come up with new algorithms capable of enabling advanced machine learning on quantum computers. In a paper published today on arXiv, a repository for non-peer-reviewed academic papers, IBM’s research team describes how it has created a “quantum algorithm” that enables such computers to perform “feature mapping” at a scale that ...
Google opens up its sixth European cloud region in Zurich
Google LLC Tuesday announced the opening of its sixth European cloud region, its 19th worldwide. Located in Zurich, Switzerland, the new region consists of three availability zones, which means it’s made up of three independent data centers. In a blog post, Google said the new region would ensure local customers have lower-latency access to its ...
Report: Uber accelerates IPO plans, hiring more underwriters
Ride-hailing giant Uber Technologies Inc. is making progress toward its goal of launching an initial public offering, as it has hired a string of underwriters to help lay the groundwork for its IPO, Reuters reported Tuesday. The move will give Uber the flexibility it needs to launch its IPO as early as the first half of ...
